Global banks to move thousands of jobs out of Britain to prepare for Brexit - Reuters

In a recent report, Reuters compiled the plans of top international banks facing Brexit, with the key highlights found below:

• The Association of Foreign Banks in Germany expects 3,000 to 5,000 new jobs in Frankfurt over the next two years as a result of Brexit
• Bank of America Corp said it may have to incur additional costs if Brexit limited the ability of its UK entities to conduct business in the EU
• BNP Paribas may move up to 300 London investment bank staff due to Brexit, depending on how clients adapt and on the French bank's efforts to win new UK business
• Citigroup's European chief said the U.S. bank would make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU countries to relocate some investment banking business
• Credit Agricole, France's third-biggest listed bank, could relocate about 100 employees from its London hub to France out of 1,000 based there in the case of a "hard" Brexit
• Deutsche Bank warned on April 26 up to 4,000 UK jobs could be moved to Frankfurt and other locations in the EU as a result of Brexit
• U.S. bank Goldman Sachs is considering moving up to 1,000 staff from London to Frankfurt because of concerns over Brexit
• HSBC Chief Executive Stuart Gulliver confirmed possible plans to move 1,000 jobs from Britain to Paris in case of a so-called 'hard' Brexit