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A Union flag flies next to the flag of the European Union in Westminster, London

EU plans moving bank regulator from London as euro zone eyes City business

Reuters By Francesco Guarascio BRUSSELS (Reuters) - The EU is preparing to move its European Banking Authority from London following Britain's vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator. Coming a day after Britain's Jonathan Hill resigned and was replaced as EU financial services chief by the Commission's "Mr. Euro" Va…