For American bankers living in London, the Brexit signals uncertainty about the capital’s status as the world’s largest foreign exchange market.
US banks will have to decide on moving thousands of jobs to other major European cities such as Dublin, Frankfurt or Paris depending on whether the UK is able to negotiate new trade deals to retain access to the world’s largest single market, the EU.
In a memo to staff on Friday, JPMorgan Chase CEO Jamie Dimon indicated that though the company planned to maintain a large presence in Britain, it would face significant hurdles.
Read it all.
(BBC) Six ways Brexit could hit Americans
For American bankers living in London, the Brexit signals uncertainty about the capital’s status as the world’s largest foreign exchange market.
US banks will have to decide on moving thousands of jobs to other major European cities such as Dublin, Frankfurt or Paris depending on whether the UK is able to negotiate new trade deals to retain access to the world’s largest single market, the EU.
In a memo to staff on Friday, JPMorgan Chase CEO Jamie Dimon indicated that though the company planned to maintain a large presence in Britain, it would face significant hurdles.
Read it all.