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US banks could benefit from Brexit, execs say

Banking business from London could shift to the US, rather than another European country, as part of the fallout from the UK’s vote to leave the EU, says John Nelson, chairman of Lloyd’s of London. Meanwhile, Liberty Global Chairman John Malone says the drop in the pound’s value could encourage US companies to buy out relatively inexpensive British firms.

Bloomberg (10/16),  Bloomberg (10/17)