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Chancellor Hammond Tells New York London is Retaining Banking Capital Crown After Brexit

LONDON (AP) — Britain’s Treasury chief has a message for major bankers in New York: London will keep its leading position on the financial stage even after it leaves the European Union.

Chancellor Philip Hammond intends to meet with the chiefs of Citigroup, Morgan Stanley, Goldman Sachs and other major players in a series of meetings in New York on Thursday.

He aims to lower concerns about London’s future as a financial services hub raised by the Brexit vote in June. His office says he will emphasize that London’s strength as a global player will not be diminished.

He will also attend the International Monetary Fund’s annual meeting while he is in the United States.

The Brexit vote has created much uncertainty and spurred a drop in the value of the British pound.

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