The largest investment banks began to curtail their activities in the UK after the referendum in the country in which the British voted for the state’s withdrawal from the European Union, the Financial Times reports, citing sources.
According to the newspaper, some steps in this direction have already begun to do American JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley. These credit institutions are preparing to move their European headquarters in Dublin, Paris and Frankfurt, according to the newspaper.
“We started to think about how to move people in our existing offices and branches in Europe,” — the newspaper said a top Manager of one of the American investment banks. According to him, some employees will be able to move quickly. “However, in coordination with the authorities and obtaining of permits to work may take some time”, — admitted the newspaper.
The newspaper said that the European Central Bank (ECB) has warned the UK informed about loss of passport rights of the EU, which allow London to sell their products and services to customers from the European Union on the single European market. “What happened on Thursday a referendum on the UK’s membership of the EU), will have negative consequences in economic terms, especially for London. Of course, will impact the European economy as a whole, but not as much as the British. This forecast was given by experts,” — said in an interview with Reuters the representative of the ECB.
23 June UK residents voted for the country’s withdrawal from the European Union. In favour of Brexit gave their votes 51.9% of the population, the rest voted against. Formally, the referendum is not legally binding, but the Prime Minister of great Britain David Cameron urged to refer to the decision of the British with respect. Moreover, after summing up the referendum, he announced his imminent resignation, promising the appointment of a new head office in October. Cameron himself opposed the country’s withdrawal from the EU.
