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Transcripts For BBCNEWS World Business Report 20170119

Then the news review. Brexodus fears grow in the City Of London, as leading firms warn thousands of staff may now be relocated. Plus, breathing space. No Arrest Warrant for samsung boss jay y lee. But prosecutors vow to continue the Corruption Investigation without wavering. Welcome to World Business report. Im sally bundock. Well be live in seoul injust a moment. Well get the latest on samsung. But first, this. We start here in london, where fears of a costly brexit exodus of banking jobs are growing. Leading firms are now weighing up moving thousands of staff out of the uk, after Prime Minister theresa may confirmed plans to leave the european Single Market as well as the eu, the so called hard brexit option. So, what have we heard already . On wednesday, the boss of hsbc said hes preparing to move around 1000 of his 5000 london staff to paris. That would mean around 20 of its european revenue leaving the uk, worth several billion dollars. Swiss rival, ubs, also told the bbc that 100

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