BANKS BREXIT OPTIONS – As Brexit looms banks are looking at their European options in case a passporting deal cannot and is not achieved. Here is a compilation of where they want to move and how many staff are likely to move away from the City of London:
Company Employees to Move Locations
JP Morgan Up to 4,000 Frankfurt/Dublin/Luxembourg
Deutsche Up to 4,000 Undecided
UBS Up to 1,500 Undecided
HSBC Up to 1,000 Undecided
Goldmans Up to 1,000 Frankfurt
MS Up to 1,000 Frankfurt/Dublin
BNP Up to 300 Undecided
Citi Up to 100 Undecided
Nomura Up to 100 Frankfurt
Lloyds 0 Berlin
Credit Suisse Undecided Undecided
SocGen 0 Staying
BAML Undecided Dublin/Amsterdam/Frankfurt