05-09-2017, 06:38 AM
Big banks in the City could shift at least 9,000 roles out of the UK as a result of Brexit, according to a tally of job warnings since the EU referendum. Deutsche Bank is leading the threatened exodus, according to research by Reuters, while the two financial centres making the most gains from London’s loss are Frankfurt and Dublin. Last month Deutsche warned that up to 4,000 UK jobs – nearly half its UK workforce – could move to Frankfurt and other EU centres. US bank JP Morgan is preparing to move up to 1,000 bankers out of the City to Dublin, Frankfurt and Luxembourg. Goldman Sachs, despite continuing to build a new headquarters in London, has said it would need more people in Madrid, Milan, Paris and other cities in the EU.
City banks could move at least 9,000 jobs from UK due to Brexit | Business | The Guardian