Bank of America is reportedly asking its senior staff not to use the word “Brexit” when talking to clients, in an attempt to avoid getting involved in the fierce debate surrounding the UK’s European Union membership referendum in June.
According to the Financial Times,the bank has asked staff not to say “Brexit” and “not to provide opinions, not to influence voters, not to assume a particular result and not to engage in campaigning” before the UK goes to the polls on June 23rd.
The move isn’t an “attempt to muzzle or control staff” according to one insider quoted by the FT, but is instead so that the bank stays out of the limelight, and doesn’t contravene UK electoral law. Another source said that the bank is avoiding the word Brexit as it fears that it may imply a bias against Britain leaving the EU.
Along with the ban on Brexit, the FT reports that the bank has also scrapped plans to give money to anti-Brexit campaigners. BOA had planned to give around £100,000 to the remain campaign, but will no longer do so.
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