Standard Chartered moves European base to Frankfurt because of Brexit

Saturday, August 5th 2017 - 06:54 UTC

Full article 2 comments

Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union. Read full article

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The Voice
Obviously sensible to create branch offices in various European locations but many of the staff won't like having to move. However, expansion of worldwide banking and financial services activities presently prevented by EU membership will eventually take up the jobs slack in London which will remain a leading financial centre.
Aug 06th, 2017 - 09:41 am - Link - Report abuse 0
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St.John
Not to worry, just pray for a miracle - perhaps converting to catholicism will help?

The staff who won't want to move won't make a problem either, lots of available positions on the dole.
Aug 08th, 2017 - 09:27 pm - Link - Report abuse 0
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