Hundreds Of Firms Leave City As Brexit Deadline Nears
Law360, London (March 11, 2019, 5:45 PM GMT) -- More than 275 financial firms in the City are relocating, have moved staff or have set up entities outside of the U.K. in preparation for possible disruption following Britain's exit from the European Union, a report published Monday said.
The study, by capital markets think tank New Financial into the impact of Brexit on banking and finance firms, said Dublin saw the biggest influx with 100 relocations alone, including Goldman Sachs, JPMorgan, Credit Suisse and HSBC, ahead of Luxembourg with 60, Paris with 41, Frankfurt with 40 and Amsterdam with 32.
"These moves are the inevitable consequence of Brexit," the report...
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