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LONDON (Reuters) - Britain's biggest banks are preparing to relocate out of the UK in early 2017 because of fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas, the chief executive of the British Bankers' Association Anthony Browne said. "The public and political debate at the moment is taking us in the wrong direction," the Observer newspaper quoted him as saying. (Reporting by Stephen Addison; editing by Andrew Roche)
Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expected before Monday's trading session on Wall Street. AT&T is the second-largest US wireless carrier and third-largest cable TV provider in the United States, while Time Warner controls a valuable stable of entertainment content suppliers, including Warner Bros. film and TV studios, the HBO television production group, cable news giant CNN, and the TNT and TBS cable channels.