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BusinessLondon s Golden Age as Europe s financial capital is over, says NatWest chair Huw Jones 1/2 A branch of NatWest Bank is seen in the City of London February 8, 2011. Britain slapped an extra 800 million pound ($1.3 billion) tax on banks this year, taking a harder line on the sector as it negotiates a deal to curb bonuses and free up business lending. REUTERS/Chris Helgren/File Photo Read More The City of London s Golden Age as Europe s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday. The City has been largely cut off from the EU since Britain s full departure on Dec. 31, 2020, with bankers and City officials not expecting any direct access to the bloc anytime soon.

United kingdomBruxelles capitaleCity ofNoord hollandHoward daviesDavid frostThomson reuters trust principlesSyndicate onEuropean unionUnited kingdom financial services authorityDeputy governor of the bankRoyal bankGolden ageProject syndicateDeputy governorUnited kingdom financial services