Could Regulators Force US Lenders Out of the UK?
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Could Regulators Force US Lenders Out of the UK?
With many European lenders in the UK mulling over their Brexit strategy and consequent relocation options, the choice for US banks may be even more linear. US bank staff in the UK appear to be fully at the mercy of the regulators, and could be forced out of the country. JPMorgan’s Chief Executive Jamie Dimon echoed this reality as he touched on the bank’s 16,000 personnel in the country this week.
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The potential conflict between US banks and EU authorities will effectively decide the fate of thousands of workers in the ... (read more)
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