FILE PHOTO: A BNP Paribas logo is seen outside a bank office in Nantes, France, July 16, 2020. REUTERS/Stephane Mahe
Britain’s vote to leave the EU has forced banks to examine where to base their operations, given that the system of unfettered market access they have enjoyed on both sides of the English Channel, known as passporting, will end. “Selling financial services from the UK to EU clients will not be allowed,” the bank said in a press release while reporting quarterly results. “In the UK, the front office roles, mainly sales positions, and their associated set-up positions are impacted by these measures”.
Wow. That’s a lot. Whats your point.
If it's moving them, then you must be able to tell us where from. 'It did not give details of where those new positions were based, or mention any corresponding job losses in London. ' Come back to us when they are moved, not just created.
Conservatives easiest deal in history....
Good, let's hope there is a lot more.
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