“American banks will leave London at British departure from EU ‘- z24

"American banks will leave London at British departure from EU '- z24

The skyline of the City of London. Photo EPA

Large American banks prepare to various European operations from London to move if Britain were to decide to get out. European Union

This was reported by the British newspaper Financial Times Sunday according to insiders

According to stakeholders in Bank of America, Citigroup and Morgan Stanley would mostly be considered activities to move to Ireland. One of them had already know work.

Many American and Asian banks have established their European operations in London, which they have direct access to the 27 other EU member states. If the British decide to get out of the EU than those access rights would be expected to disappear.

Referendum on EU membership

Prime Minister David Cameron, the British referendum on membership EU promised, if he wins the lower house elections next year.

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 under pressure. In the future

Also opportunities for Ireland

Although many experts pointed count especially Frankfurt and Paris would benefit from a ‘Brexit’ seems Dublin according to FT a good chance.

The country offers multinationals the benefits of an attractive tax system, an English-speaking population and 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.