Frankfurt, Madrid and Paris are top contenders for the bank’s trading hub, with Credit Suisse weighing a plan that includes locating investment banking, global markets and private-banking businesses in different cities.
Rolls-Royce Holdings PLC (RR.L) worries border checks after Britain leaves the European Union will disrupt its global supply chain and is looking at measures to offset the rise in national protectionism that it represents, a member of its executive leadership said on Wednesday.
Top of the “at risk” list are economics and modern languages, with 36% of economists and 35% of academics in modern language departments from EU countries. Next are mathematics (29%), physics (28%), classics and chemical engineering (26%) and politics and international relations (25%).
“We have an entity in Frnakfurt that is regulated by European regulators. If we are faced with a situation that we no longer can serve our EU customers from London, we are fully prepared to serve our customers from Frankfurt. This entity has a licence and has adequate capital to carry on the business,” Cowles...
The study, carried out by the British Medical Association, also found that almost half of the health service’s 12,000 medics from the European Economic Area were considering moving abroad. The findings have sparked fears of a Brexit ‘brain-drain’ among vital medical staff.
Theresa May was told to commit to a Brexit divorce settlement within a fortnight or face a collapse in economic confidence in Britain, according to European business leaders at a confrontational Downing Street summit on Monday.