Sunday, August 17, 2014

“American banks prepare for departure from London ‘- Volkskrant

"American banks prepare for departure from London '- Volkskrant

Edited by: Staff – 08/17/14, 21:53 – Source: ANP

© Reuters. Citigroup at the fair in New York

Great American banks are already preparing to various European operations from London to move in the event that Britain decide to European to steps. union It reported the British newspaper Financial Times today on the basis of insiders.

  • © epa.

According to stakeholders in Bank of America, Citigroup and Morgan Stanley would mostly be considered to move. activities to Ireland One of them already announced to work on. Developing concrete plans

Many American and Asian banks have their European headquarters located in London, with which they have direct access to the 26 other EU member states. When the British decided to step out of the EU would be that access rights are expected to disappear.

Prime Minister David Cameron next year, the House of Commons contest wins he has the British promised a referendum on membership of the EU.

The American bankers not only concerned about the consequences of such a referendum, but also look at the formation of the European banking union. make themselves In addition, the European Central Bank takes over the supervision of the largest banks in the euro zone itself. Britain is out here, so the relationship between the euro countries and the British may continue to come to be.

under pressure in the future, although many experts count on especially Frankfurt and Paris would benefit from a so-called “Brexit ‘seems Dublin according to the Financial Times a good chance. The country offers multinationals the benefits of an attractive tax system, an English-speaking population and the membership of the eurozone. Citigroup, Bank of America and JPMorgan Chase have Irish permits and have about 500 to 2500 people in the country in the service.

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