British expats in EU face 'significant disruption' as UK banks close accounts

clock • 2 min read

Many of the 1.8 million British expats living in Europe will have their UK bank accounts closed imminently because of Brexit - and they should urgently seek alternatives to "sidestep avoidable issues," Nigel Green, CEO of deVere Group, warned this morning. Dubai-based DeVere Group counts more than 80,000 mainly expatriate clients. It emerged in September that several UK banks, including Barclays and Coutts, had started writing to customers giving notice that their accounts would be closed by 31 December following the British government's failure to negotiate a new passporting agreemen...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.