Top UK banks see Brexit and red tape as sources of new business

London — As Britain moves to sever its membership of the EU, two of its biggest banks, HSBC and Standard Chartered, are building up their operations in the bloc in a bid to win more business helping clients grappling with red tape and Brexit.

HSBC this month launched its “Europe means business” campaign aimed at building awareness of its capabilities in the region and prompting staff to pitch the Asia-focused bank's abilities to clients in other markets.