Allianz Global Investors’ CEO fears a graduate brain drain and warns no-deal preparation costs are already hitting his bottom line
The staff, mainly in client facing and risk roles, will move “towards the end of this year or early next year”.
Optimism about the prospects for the industry has fallen in nine of the last 10 quarters.
Between 40 and 50 London investment banking roles are to shift to Germany
In Brexit Britain, the breadwinners are packing up to move—and naturally their families are going with them.
As seen from: https://twitter.com/GuitarMoog/status/1013769948005617664
Bank of America Merrill Lynch (BAML) (BAC.N) is shifting three of its most senior UK-based bankers to Paris.
The Bank of England warns EU officials that new rules must be devised for banks.
Banks including JP Morgan, Lloyds, Barclays, HSBC and Goldman Sachs have already established subsidiaries in other EU countries…
Two British banks are among the biggest swaps traders sending their euro interest rate swaps for clearing at Deutsche Börse.