British finance sector demands closer ties with Europe ahead of UK-EU summit

British banks are seeking closer ties with the European Union, according to a report, opens new tab published by industry lobbying ​body UK Finance on Monday, ahead of a summit ‌between Prime Minister Keir Starmer and officials from the bloc scheduled for July and aimed at "resetting" ties between the two. The report said ​banks were not seeking to undo Brexit or "reverse convergence ​into the EU Single Market," but instead to formalise ⁠aspects of the Memorandum of Understanding on Financial Services ​Cooperation between Britain and Europe signed in 2023. The report marks ​one of the most assertive declarations yet...