-
In the short term, sure. But over the five ish years I guess it would take to effect a move? Once they pull the trigger on moving and start going, stuff like 'office space' and 'staff retention' will appear as milestones on a massive plan and I'd have thought they could be hit relatively easily, and a lot of them with help from the govts of the areas they move to.
It seems pretty imminent according to articles like this: http://uk.reuters.com/article/us-britain-eu-banks-idUKKBN19W1VS?utm_source=34553&utm_medium=partner
Edit: Also, would they opt for or a number of smaller centres around the place? Would they make the same decisions in concentrating such a lot of the industry in one country again given it's vulnerability to something like this?
You are reading a single comment by @christianSpaceman and its replies.
Click here to read the full conversation.
christianSpaceman
They are exactly some of the things that big multinational banks need to think about. They need to consider staff retention, especially when their most experienced and highest revenue generating employees have enough wealth to just walk away from it all. At the bottom end, we've all seen outsourcing, off shoring, near shoring etc with sometimes a take it or leave it attitude but this time, it's not these jobs that are moving.