Barclays bank headquarters in Canary Wharf in east London. AFP / Carl COURT
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Barclays Plc Chief Executive Officer Jes Staley told British Prime Minister Theresa May to be prepared to sacrifice access to the single European market after Brexit if it means gaining control of its own financial rules, people with knowledge of the discussions said.Britain should prioritize its own ability to set rules even at the cost of losing access to European markets, Staley told May at a meeting of financial executives earlier this month, said the people who declined to be identified.Other financial executives at the meeting with May on Jan. 11 included Deutsche Bank AG CEO John Cryan, HSBC Holdings Plc Chairman Mark Tucker and UBS Group AG Chairman Axel Weber.May said Thursday she didn't rule out paying for access to the single market as part of a deal with the EU.
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