People walk by the JP Morgan & Chase Co. building in New York in this file photo from Oct. 24, 2013. REUTERS/Eric Thayer
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)
JPMorgan Chase & Co. plans to move hundreds of London-based bankers to expanded offices in Dublin, Frankfurt and Luxembourg to preserve easy access to the European Union's single market after Brexit, the firm's head of investment banking said.JPMorgan will initially move between 500 and 1,000 staff to the three cities and others in the region, the person said.JPMorgan is the latest bank to flesh out its plans for Brexit as the countdown ticks away toward Britain's March 2019 withdrawal from the bloc. Deutsche Bank AG said last week it may move 4,000 staff from London, Barclays PLC said it will activate its contingency plan within six months, and Goldman Sachs Group Inc. said it would likely begin relocating positions next year.JPMorgan was among banks hired by the Saudi government for a $9 billion international Islamic bond sale and also worked on the kingdom's debut sovereign debt issue in October, which raised $17.5 billion.
FOLLOW THIS ARTICLE