Brexit

Out of context: Reply #1741

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  • jonny_quest_lives0

    "In January, the bank had also announced it would significantly expand its Paris hub as part of plans to relocate some services from London after Brexit.

    The shift sees JPMorgan follow similar moves by other big banks in Britain, as regulators in continental financial hubs such as Frankfurt and Dublin urge banks to book their assets locally.

    Barclays for example has moved its European headquarters and almost 200 billion euros in assets to Dublin, Reuters reported last year."

    https://www.reuters.com/article/…

    jonny_quest_lives 0Permalink
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    • Amazing! What a time to be alive.
      Sure we'll still be a hub for money laundering though, hopefully can count on that.      PhanLo
    • It's distressing that Boris and company keep beating the Brexit drum as if they are in control all the while the EU has already moved on...jonny_quest_lives
    • Financial institutions started migrating assets and headquarters the moment Article 50 was triggered...jonny_quest_lives
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