Saturday

1st Oct 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.

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