The skyline of the La Defense business district near Paris, France, is seen in this general view file picture taken on January 14, 2016. REUTERS/Charles Platiau
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Paris could lure as many as 20,000 workers from Britain's finance industry with the exodus potentially starting within weeks as the U.K. begins its withdrawal from the European Union, according to Europlace, the French capital's lobby group.Europlace's marketing materials show it will extol how Paris already employs more than 180,000 financiers, is home to the region's biggest bond market and boasts the second-largest pool of asset managers.In the run-up to the June referendum, HSBC Holdings PLC said that it planned to move as many as 1,000 employees to Paris from London if voters backed Brexit, while Citigroup Inc. is now considering relocating some of its London-based equity and interest-rate derivatives traders to Frankfurt.Although it hosts some of Europe's biggest banks, including Societe Generale SA and BNP Paribas SA, France has nevertheless long lagged behind the U.K. and Germany as an international hub for banking.
FOLLOW THIS ARTICLE