RBS said it expected to be granted licences to be able to continue clearing the payments via its Frankfurt branch in time for Britain's departure on March 29, but it risked a significant hit if that did not happen.
"Given the quantum of affected payments and lack of short-term contingency arrangements, in the event that such euro clearing capabilities were not in place in time for a Hard Brexit or as required in the future, it could have a material impact on the Group and its customers," the bank said.
Barclay said legislation passed last year means Britain will leave the EU on March 29 at 2300 GMT with or without a deal takes precedence over a motion passed by parliament last month ruling out a no-deal Brexit.
The latest twist in the two-year negotiation to leave the EU underlines the deep divisions in parliament over how, or even whether, Britain should leave the bloc in the country's biggest political and trade policy shift in more than 40 years.
France and Germany this month awarded a 65 million euro ($74 million), two-year contract financed equally by both countries to Dassault Aviation and Airbus to start designing a next-generation combat air system for use from 2040.
Economists mostly said a free-trade deal between the two will be made and expectations that Britain will leave on March 29 without an agreement have barely changed over the past month.
Germany, the EU's biggest economy, will suffer the most, with over 1 lakh people expected to lose their jobs.
The bleak official figures came Monday as the British government seeks to win more time to secure EU concessions on Brexit that could pass the UK parliament and avert a chaotic split from the bloc on March 29.
Prime Minister Theresa May has so far failed to win parliament's backing for the plan she agreed with Brussels to avoid reimposing checks on goods exported from Britain.
"Bilateral trade between Britain and India stands at USD 25 billion. India is an important trading partner and after Brexit, it is not to be affected", Simon told PTI.
Businesses and governments are on edge because Britain is just weeks away from its scheduled departure from the European project after 46 years and still has no firm arrangements in place.
As the clock ticks down to Britain's scheduled exit on March 29, May is trying to persuade the EU to change a deal that was agreed between London and Brussels late last year but overwhelmingly rejected by parliament in January.
Netherlands' Economic Affairs Ministry said that a recruitment programme had brought 42 companies or branch offices and 1,923 jobs from Britain to the Netherlands in 2018.
UK Prime Minister Theresa May will dine with Irish premier Leo Varadkar in Dublin to press her case for changes to Britain's divorce deal with the EU.
Brexit, US tariffs, investments in future technologies, excess capacity and high cost structure are taking their toll on JLR.
Concerns over US-China trade war, a slowdown in global economic activity and buying from central bank augurs well for the yellow metal. Gold prices are likely to touch $1,350 in the medium term.
Two years ago, May set Brexit day as March 29 — and originally plans were to have a deal in place six months ahead of time.
A joint statement issued after the talks in Brussels said Juncker had again warned that November's withdrawal agreement could not be renegotiated -- after May came hoping to persuade Brussels to change the so-called "backstop" clause for the Irish border.
As part of its preparations for a 'no deal Brexit', JLR said in an investor presentation that in the long term the company will have to reassess its manufacturing and sourcing strategy to overcome hurdles.
If Britain leaves the EU without a deal, the BoE has said it might raise rates due to the inflationary impact of a likely slump in the value of the pound, although most economists think it would cut them to cushion the blow to the economy.
The president of the European Commission, Juncker, told reporters May already knows and accepts that the Union will not re-open talks on the deal.
Tusk said the "pro-Brexit stance" of May and opposition leader Jeremy Corbyn meant that "today, there is no political force and no effective leadership for remain".
This comes after the ratings agency placed the credit ratings of JLR, Britain's biggest carmaker, under review for possible downgrades.
Last month an annual speech by the 92-year-old queen to a local women's group was widely interpreted in Britain as a call for politicians to reach agreement over Brexit.