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Britain's partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU "passports".EU membership gives Britain access to what effectively is a "financial Schengen zone" – a single set of rules that allows banks, including many U.S. and other non-European institutions, to operate freely across the bloc's borders.The sector accounts for almost a quarter of all EU financial services income and 40 percent of EU financial services exports. Eighty of 358 banks operating in Britain are headquartered elsewhere in Europe.
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