Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
Brits across EU slide into Brexit banking limbo as Barclays, Lloyd’s and Halifax shut their accounts 12/08/2022
Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut.
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.
Europe Letter: ‘Outrageous’ demand by investors to buy EU’s debt seen as vote of confidence in euro.
Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal.
Brexit strips expats of UK bank accounts 20/09/2020
Lloyds and Barclays say without a deal they cannot afford to keep EU-based customers.
Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.
The British Chambers of Commerce has warned that the preparations by its members so far only represented the “tip of the iceberg”.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
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.
UK bank preparing of economic slowdown and rising unemployment
Banking giant gets all-clear from High Court to move clients' money - financial firms expected to shift £800bn by 29 March.
Bank to ask court to allow it to transfer its non-UK European business to Dublin office.
Major banks are preparing to shift parts of their operations away from London as Theresa May is set to trigger Article 50.