Tag: HSBC and UBS

• Thursday, January 19th 2017 - 06:42 UTC

  HSBC and UBS preparing to move abroad when UK leaves the EU

  

  Two of the largest investment banks in the City of London have confirmed that some staff will definitely have to move abroad when the UK leaves the EU. HSBC's chief executive, Stuart Gulliver, told Bloomberg he was preparing to move 1,000 staff from London to Paris. And Axel Weber, boss of Swiss bank UBS, told BBC “about 1,000” of its 5,000 London jobs could be hit by Brexit.