Brexit Fallout Could Mean Positive News for US Banks

[kreslik.news]

It is just a question of time before US banks operating in the UK and European Union have some potential regulatory and staffing matters to deal with following June’s Brexit vote.

However, they may not be the issues the experts initially projected, according to a CNBC article today.

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Employment

Immediately after the Brexit referendum, large-scale layoffs at the UK arms of US banks were projected, with Morgan Stanley reportedly saying it would cut 2,000 jobs. But now, according to one expert, bank staffers may have little or ... (read more)