Financial services firms need a regulated subsidiary in an EU country to offer their products across the bloc, and this could lead some to move jobs out of Britain if it loses access to the European single market.
Thirteen major banks have given an indication of how they would bulk up their operations in Europe to secure market access. These plans could see more than 9,000 jobs move to the continent in the next two years.
Following are some details and reports on the subject:
Standard Chartered is in talks with regulators about making Frankfurt its European base to secure market access to the European Union when Britain leaves the bloc.
Stuart Gulliver, CEO of HSBC, Europe’s...