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  1. #21
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    Wall Street giant Citi to unveil Brexit plan for new EU unit

    Citi will become the latest Wall Street giant to unveil plans to cope with the UK's departure from the European Union this week when it names Frankfurt as the location for a major new trading operation.

    Sky News has learnt that Citi's board has finalised plans to establish a second EU-based broker-dealer, which will handle many of the market trading activities currently undertaken in London.
    Looks like a Brexit opportunity for BTL apartments in Frankfurt. Profit from Doom!
    Brexit for Dummies: Economic doom - Brexit! Economic boom - We are still in the EU!

  2. #22

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    The latest financial institution making plans to relocate jobs away from the UK is Morgan Stanley, which has announced that Frankfurt will become its post-Brexit EU hub, a move that could shift an initial 200 jobs to Germany
    https://www.theguardian.com/commenti...morgan-stanley
    Brexitentropy...

  3. #23

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    Quote Originally Posted by Whorty View Post
    UK Jobs lost

    Barclays - Dublin
    Legal & General - Dublin
    Standard Life - Dublin
    JP Morgan - Dublin
    Daiwa Securities - Frankfurt
    Sumitomo Mitsui - Frankfurt
    Nomura Holdings - Frankfurt
    Goldman Sachs - Frankfurt
    Standard Chartered - Frankfurt
    Deutsche Bank - Frankfurt + other EU locations
    Credit Agricole - France (rumoured)
    HSBC - Paris (not confirmed)
    EasyJet - Austria
    Diageo (Drinks manufacture and supplier) - to where?
    Eddie Stobart , main operations going to Luxembourg.
    Microsoft to Prague (to be confirmed)
    Lush? -
    Société Générale - Paris 400 jobs
    Morgan Stanley - New York 1000 jobs
    UBS - Switzerland 1500 jobs


    UK Jobs gained

    Civil servant Brexit Negotiation positions (1000 short term roles) - London
    [/QUOTE]

    A few quibbles here: Morgan Stanley to New York, and you're blaming Brexit? Seriously?
    SocGen to Paris - hardly shock news.
    Ditto Deutsche Bank to Frankfurt & UBS to Switzerland etc.
    Easyjet are not moving to Austria, they're setting up a new operation with a handful of people so they can register some of their aircraft "inside the EU" in order to continue operating flights between EU countries.
    Also, Diageo most likely to Switzerland - they moved a number of operations (but not that many people) there some years ago for tax reasons (Geneva I think). A mate of mine worked on the ERP side of that project.
    His heart is in the right place - shame we can't say the same about his brain...

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