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Antonio Horta-Osorio on Brexit issues

Antonio is the CEO of the largest retail bank in the UK. Many are the times when the CEO has been on the headline speaking about various issues about the bank in the year. The government sold its shares sometimes back from the bank. That affected the bank financially and entered into crisis. The CEO thought to get a boost from the government a move which saw the government own up to forty-three percent of the bank. The bank now is moving in the right direction and making profits. Antonio became the head of the bank in 2011. That has seen the bank turn around into fortunes gain. That does not mean that they are not facing challenges as the bailout was not something to ignore. During its process of recovery, the bank closed several branches and cut off several jobs. That somehow has seen the bank turn around and currently it is reporting profits.

The change and the effects of Brexit is a major factor in the economy of UK. One of the ways that the bank thinks will help is to strengthen the ties with the customers. Because of that the CEO is planning to push the bank forward so that it can come up with ways of developing a multichannel experience with its clients. The CEO said something about Brexit and banking. One thing that Antonio finds is that EU is not about to disintegrate anytime soon. The reason is that it is based on political standing to spread peace within Europe. He also believes there is too much at stake for the union and it should just hold together What is important is the union members’ economy to suffer some structural reorganization. The UK economy is surprisingly high even after the Brexit The customers went ahead with their usual business as though nothing has happened and thus upheld the entire economy.

The way the economy is growing it is giving a bit of confidence. The business will have to be reassured as far as the regulatory and legal activities are concerned if they are to do well. The other thing the UK economy will have to do is to think about the talent shortage experienced across the country. Other than that there is need to address the productivity issues as well as the importance of economic growth across the country. The banker says that much remains to be done to stabilize the UK economy once again. Antonio says that there is no other place where he can serve better than the back. The most important thing to do is to identify the areas of growth and work on that. He says what the bank is doing right now is the increase its customer confidence.

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