2 banks to shift jobs from UK due to Brexit

[Morphine Prince 109,926]

 

Two of Europe's biggest banks warned on Wednesday they could each move around 1,000 jobs out of London, in the clearest sign yet of how financial firms are preparing for disruption caused by Britain's exit from the European Union. 

UBS Chairman Axel Weber said around 1,000 of the Swiss bank's 5,000 employees based in London could be affected by Brexit, while HSBC Chief Executive Stuart Gulliver said the bank will relocate staff responsible for generating around a fifth of its UK-based trading revenue to Paris.

[Supersonic 49,376]

Good

[Chromatislaps 34,854]

I think most people in the parliament are now like...I wish we never had the referendum

[ShockPop 7,747]

And? They aren't contributing anyway. Foreign banks like HSBC take what they can but offer the worst packages for customers.

I work for a competitor. We provide the same but with better contracts. Looking forward to them losing business.

[The Fame Joanne 5,985]

Paris and Frankfurt will probably be the two cities that profit the most from Brexit

[kvnrp 48,353]

Makes sense since they will loose their license to the Eurozone, unless they move at least the part of their buisness to a EU/Eurozone country.

Frankfurt, Paris and maybe Luxembourg or any other financial capital are probably the real winners of the Brexit.