UK banking giant Barclays is considering moving its fledging EU headquarters from Dublin to Paris, less than five years after it chose the Irish capital as its European hub as a result of Brexit. A possible move “would affect only a small number of roles in Barclays’ Dublin location,” Barclays Bank Ireland, which is known internally as Barclays Europe, said in a note in its latest interim report, published on Thursday evening. READ MORE“As a result, we are exploring a potential move of our EU headquarters from Dublin to Paris. Barclays Bank Ireland dates to 1978, but only had about €3 billion of assets at the time of the Brexit referendum. However, it is understood that this was not a motivating factor behind Barclay’s decision to consider transferring its EU headquarters out of the Republic.

Source: The Irish Times August 04, 2023 11:48 UTC