trending Market Intelligence /marketintelligence/en/news-insights/trending/uciopnu1d8xzaurybejb8a2 content esgSubNav
In This List

Report: StanChart interviewing for jobs to be moved to Frankfurt

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: StanChart interviewing for jobs to be moved to Frankfurt

Standard Chartered Plc CFO Andy Halford said the U.K.-based lender has begun interviewing candidates for 20 banking jobs that it will relocate to Frankfurt because of the U.K.'s exit from the EU, Reuters reported.

The bank, which said in May 2017 that it was in discussions with German regulators to set up a new European subsidiary in Frankfurt, was pushing ahead with plans to move jobs because it "provides a degree of certainty" regardless of what happens on the political side, Halford told Reuters.

"If you want an assured continuity of activity there does come a point where unfortunately you've got to get on with these things and just say, even if there was a change of mind on other fronts, it may arrive too late," Halford reportedly said.

It comes as the EU said Britain would be treated like any other nonmember country with respect to financial services.