Over half of UK banks and brokers could shift to EU

Brexit cracked adobe stock AS 230x150
By Jasper Cox
07 Jan 2019

Twenty-seven universal banks, investment banks and brokerages have confirmed or are considering moving operations or staff from the UK to the rest of the EU, according to EY. Paris is gaining in popularity as a destination for UK financial services firms, but Dublin appears to be the top choice.

The consultancy and auditing firm on Monday released data from its tracker of UK financial services firms, which it uses to monitor the public reaction of 222 companies to Brexit developments.

Since the referendum result to leave the EU in June 2016, 80 firms, or 36%, have said ...

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