Oh dear. Why are banks currently based here ? Indeed why have banks always been based here ? Banking is not about the individual bank, it’s about Law, Trust, Political trust and culture, it’s about the legal and support services available to it and these things do not develop or appear overnight. The people working for these banks, who mostly speak English and have English law as their back up do not want to go to France or Germany where they will be within a minority speaking language and whose legal and support services are completely foreign to them. Even Deutsche Bank will not be leaving. They will set up offices like they do in many other countries, the EU will do their very best to change laws to attempt to drive them to the continent but even this will be a serious reason for not going. The EU have a serious underbelly problem and it’s called banking.......
You honestly think they care about their English speaking employees? If they leave they leave and tough if you don't want to work for them where ever they move to.
Also i suggest you read more than the telegraph and the express its crazy how verbatim and in sync you are with them.
Now the employee thing wasn't even my point. I feel you glossed over it and concluded what you felt you wanted to to repeat the everything is ok mantra you keep coming out with.
Banks don't simply pick up and leave. The reason they want to leave the UK is simple Brexit. They want to remain in the Euro Zone plus all the incentives it comes with it.
Also of course the EU will try their best to give them incentives and tweaks laws why wouldn't they? How is that wrong? Just because you guys may suffer? Well you chose to leave.
You keep mentioning Deutsche Bank in a number of posts, but they are not the only bank you know. They will of course keep an office in London as will some of the others but they will move most of their operations abroad. They will always want to remain in the Uk for the sterling and trading but if they want to deal in the Euro zone it makes no sense to have their base of operation in a country no longer associated with it. They will keep smaller offices there.
Either way it will be a blow for the many of the 20000 employees all of them hire combined. You can throw the argument for the third time that people wont want to move and again i'll tell you they don't and won't care. They will simply hire people who can and want to be there.
Here is a rundown so far of the banks and where they are going:
Dublin - Barclays, Standard Chartered, JP Morgan, Citigroup, Morgan Stanley, Credit Suisse
Frankfurt - Standard Chartered, JP Morgan, Goldman Sachs, Citigroup, Morgan Stanley, UBS
London - RBS, Merrill Lynch, Deutsche Bank
Berlin - Lloyds
Paris - HSBC
*Citigroup, Standard Chartered, Morgan Stanley and JP Morgan have not made firm decisions