Turmoil Over Brexit Spurs a Costly Exit of Assets, Talent From London

While the U.K. argues over Brexit, a chunk of the financial industry makes its own exit

LONDON—There is one certainty in Brexit: London’s pre-eminent role in global finance has been diminished.

On Tuesday, the U.K. Parliament is scheduled to vote on a last-ditch effort to strike a deal on the country’s exit from the European Union. Talks were deadlocked Monday, but many politicians warned that Prime Minister Theresa May could face another humiliating defeat for her latest plan.

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