Banks based in the U.K. will get no special treatment in the country’s negotiations to leave the European Union, Bloomberg reported late Monday, citing three senior figures in the British government. Britain’s financial-services sector is concerned it may lose its “passporting” rights — which ease access to business in the EU’s member states — in the Brexit deal. But Prime Minister Theresa May’s government will not give priority to protecting the sector in the country’s exit, and nor will it push for an interim agreement with the EU to support a transition for the sector, Bloomberg reported.
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