British and US Banks at loggerheads over ties with EU ahead of Brexit

With just seven weeks to go before Brexit, it’s not just UK politicians who are bitterly divided over the country’s withdrawal from the European Union -- large banks are also at loggerheads.

British lenders and their Wall Street rivals are pushing widely different views on Brexit, a clash that was highlighted at a meeting this week with UK government officials, people with knowledge of the situation said.

While US banks want Britain to maintain the closest possible ties with the EU after Brexit, UK banks and insurers are anxious they don’t become beholden to new laws made by Brussels, two of the