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The French capital has gained one year on from Brexit, but cities such as Dublin, Amsterdam and Frankfurt have also emerged as winners.
Now that hiring has made a comeback in London banking circles, some recruiters are complaining of a new phenomenon: too little talent.
JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe.
Britain's shares are near "record cheap" levels as they have lagged their global peers since the Brexit vote, J.P. Morgan said on Monday.
London is losing talent as financial markets fragment following Brexit, according to one the most prominent bankers at JPMorgan Chase & Co.
Many Brexit issues 'still need to be negotiated,” said the JPMorgan boss.
The prime minister has imperilled peace in Northern Ireland, and every day the economic fallout worsens.
President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan's new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations.
If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.
Dozens of companies have cut jobs, beefed up their European operations or issued warnings on the impact of the UK's departure from the EU.
'JPMorgan ... moving around €200 billion euros ... from the U.K. to Germany ... Here's why' - Bloomberg
23/09/2020
JPMorgan, the biggest U.S. bank, is moving around €200 billion euros ($230 billion) from the U.K. to Germany as a result of Britain’s exit from the EU. Here’s why.
Businesses are stockpiling goods or looking elsewhere amid the threat of a no-deal Brexit.
US bank JP Morgan is buying a landmark office building in Dublin in a significant boost for the Irish capital as European cities compete to lure financial institutions away from London in the wake of the Brexit vote. The new premises will be able to house 1,000 staff.
JPMorgan Chase & Co. is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they’ll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.
Major banks are preparing to shift parts of their operations away from London as Theresa May is set to trigger Article 50.
Two Banks Warn Of Threat To Pound Sterling Outlook Vs. Euro, Dollar On Brexit Drag, Fading UK Vaccine Advantage
13/12/2020
Pound Sterling exchange rates at a crossroads: JP Morgan and BNY Mellon warn fading UK vaccine advantage, UK break-up risks also in focus.
Bank sees little chance of financial services deal with EU.
City firms revealed in the final months of 2020 that they planned to shift nearly £100bn in assets to the EU, taking the total value of assets lost to the bloc since the Brexit vote to £1.3 trillion, according to a new survey.
Britain’s exit from the European Union has “cannibalized” London’s listing pool, according to JPMorgan Chase & Co.’s chief executive officer for Europe, the Middle East and Africa. / “Clearly, Brexit has kind of cannibalized the listing pool and a lot of European companies are now listing on European exchanges.”