Several global investment banks to move jobs out of London

Several global investment banks to move jobs out of London

PanARMENIAN.Net - Several global investment banks plan to move jobs out of the city of London to other locations, some within the UK, according to MarketWatch.

Bank of America Corp. plans to move up to 2,000 back- and middle-office staff from London to Chester over the next 10 years. J.P. Morgan Chase & Co. plans to move about 1,000 jobs to Bournemouth in the UK, and an equal number of jobs to Asia.

Deutsche Bank AG is slated to move sales traders to Birmingham in the UK.

 Top stories
“A 10% credit portfolio upsurge was registered in the first 7 months of 2014, with the bank planning to bring the figure to $550M,” Sahakyan said.
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
Partner news