Reuters – Barclays said shifting teams to Paris

Barclays is shifting some jobs in its London-based credit and equity derivatives sales teams to Paris as it reorganises its operations ahead of Brexit, two sources familiar with the matter said.

Reuters reports that last month the bank warned staff in charge of credit and equity derivatives sales for the Nordics that their jobs would be relocated to Paris by the end of March, giving them just two months’ notice, one of the sources said.

Bank of America said on Friday that it had begun relocating some jobs to Paris, with staff moving in to a new 11,000 square metre office in the eighth arrondissement, near the Elysee Palace.

Hit the link below to access the complete Reuters article:

Barclays to shift some credit and equity derivatives sales jobs to Paris – sources

Deutsche Bank, Commerzbank merger talk ‘speculation’: German finance minister