Friday

9th Dec 2016

Ticker

UBS bank may move 1,500 London jobs

UBS chief Sergio Ermotti said that "probably 20 to 30 percent" of the 5,000 people employed by the Swiss bank in London would be moved to other EU countries when the UK leaves the EU. "We believe that London will continue to be an important financial centre, although maybe not as important as it is today," Ermotti told Japan's Nikkei daily.

News in Brief

  1. Council of Europe critical of Turkey emergency laws
  2. Italian opposition presses for anti-euro referendum
  3. Danish MP wants warning shots fired to deter migrants
  4. Defected Turkish officers to remain in Greece
  5. Most child asylum seekers are adults, says Denmark
  6. No school for children of 'illegal' migrants, says Le Pen
  7. Ombudsman slams EU Commission on tobacco lobbying
  8. McDonald's moves fiscal HQ to UK following tax probe

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