Reuters - Barclays said to have begun shifting jobs to Frankfurt

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Barclays has begun shifting 40 to 50 investment banking jobs from Britain to Frankfurt as part of its plans to continue doing business in the European Union after Britain leaves the bloc in 2019, a source familiar with the matter told Reuters.

The news agency reports that the roles will technically be employed by the bank’s main European entity in Ireland, the source said, and form part of the 150-200 jobs that the British bank is transferring to that unit as it implements its Brexit plans.

Banks are pressing ahead with shifting jobs to Europe, in preparation for a ‘worst case’ scenario where Britain fails to secure a Brexit deal with the EU that would allow banks to continue serving Europe from London.

Hit the link below to access the complete Reuters article:

Barclays shifting 50 jobs to Frankfurt as Brexit planning accelerates

Brexit clouds UK financial sector mood


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