Commerz readies for Brexit by moving jobs and clearing activity

Commerzbank has faced some resistance from staff over moves from the UK to continental Europe in preparation for Brexit, although the bank says those who have moved have no regrets. Meanwhile, margin pressure has been weighing on the bank’s corporate clients division, but there were positive signs in its financial institutions business last quarter.

  • By Jasper Cox
  • 14 Feb 2019

The German bank is moving a number of front office sales staff in the "low-to-mid double digits" from London to elsewhere in the EU, mostly Frankfurt.

The number would have likely been greater were it not for a similar transfer from London to elsewhere in Europe in 2015 ...

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