Domingo, 17 Diciembre, 2017

Deutsche Bank to Prospectively Move 4000 Jobs from London to Frankfurt

Deutsche Bank to Prospectively Move 4000 Jobs from London to Frankfurt Deutsche Bank to Prospectively Move 4000 Jobs from London to Frankfurt
Malita Javier | 27 Abril, 2017, 11:56

London could lose 10 000 banking jobs and 20 000 financial-services positions as clients move assets out of the United Kingdom after Brexit, according to the Bruegel think tank. "Does that mean that I have to move all the front office people to Germany or not?" said Sylvie Matherat, Deutsche's chief regulatory officer.

Deutsche Bank is said to have over 9,000 staff in the United Kingdom with 7,000 of them based in London.

"For front office people, if you want to deal with an EU client, you need to be based in the EU", Matherat said.

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The company said in a statement that they have "have already started an investigation to obtain the facts". The clip ends after the man eventually returns to his seat. "He was very upset".

"And we are speaking of 2,000 people - that's not a small number", she told a conference hosted by Frankfurt Main Finance, a group that promotes the German financial capital. "Everybody needs clarity - and the sooner the better".

The possibility raised by the firm's chief regulatory officer was the latest warning from a financial firm since the United Kingdom voted to leave the European Union. The Bank wrote to hundreds of banks, insurers and other financial firms earlier this month, ordering them to get contingency plans in place.

There is a range of estimates compiled by a number of surveyors about the number of financial services jobs which the United Kingdom is set to lose from Brexit.

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Not in my house.' Because if you don't, you are an accomplice. "Every one of you knows somebody". Washington , though, would head into the locker room up by a point at halftime.

But the European Central Bank reiterated that it will not accept so-called letterbox firms in Frankfurt, Paris or Dublin run by remote control from London.

After Britain triggered Article 50 last month and has begun divorce talks with the European Union, financial firms have stepped up planning on how to deal with any disruption that might ensue, such as losing access to the bloc's single market.

Deutsche would also have to book all trades for clients based on the continent in the European Union, meaning moving large parts of its IT capacity to its home base in the German financial centre Frankfurt.

El Gobierno ayudará a Santa Cruz con préstamo del Banco Nación
Adicionalmente, según comentó García de Luca , se le dará "ayuda con garantías y otros requisitos" para que la provincia pueda buscar fondos en el mercado internacional .

More than 250 foreign banks operate in the United Kingdom while Frankfurt hosts about 60, including small outposts for the four floated as candidates for relocation yesterday.

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