banking
Barclays opens transaction banking branch in Luxembourg
The bank will offer services for private equity, insurance and fintech industries
Barclays has launched a new branch in Luxembourg to provide multinational clients with transaction banking services.
The move to open the locally-regulated operations is not directly linked to Brexit, the bank spokesman told the Luxembourg Times. "However, it does prepare the institution to better service European clients in case the UK leaves the EU," he said.
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