RE: So what happened29 Dec 2020 10:23
Pre Brexit deal news, in the the Guardian by Paul Lewis of BBCRadio4’s moneybox:
‘Many British companies that have lost permission to operate in the European Economic Area — the 27 EU countries plus Iceland, Norway and Liechtenstein — when the UK exits pan-EU financial services rules known as passporting. This forces British banks and building societies to navigate a labyrinth of 30 sets of regulations so as to be allowed to operate in each country.
Britain’s biggest bank, Lloyds, which includes Halifax and Bank of Scotland, wrote to 13,000 customers to tell those in Holland that bank accounts and credit cards are to be withdrawn; those in Slovakia that credit cards will be withdrawn but bank accounts allowed to continue; and those in Italy, Germany, Ireland and Portugal that business bank accounts will be banned but retail accounts will continue. The bank is also terminating a small number of expat mortgages in Slovakia. All the changes kick in on December 31.’
So are British banks solely internal?