The decision comes as years-long negotiations between London and Brussels turn increasingly acrimonious with Boris Johnson this week labelling Europe negotiators"abusive".
While banks operating in the City of London, including JPMorgan, have previously moved staff and established new Europe entities, some are holding out for a deal before making further changes.Some bankers will begin by commuting to European cities to minimise problems around relocating children in the middle of the school year, one of the people said.
If there's a last-minute deal or delay they will have the option to relocate at a later date, one of the people said.
Source: News Formal (newsformal.com)
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