LONDON—Up to 17,000 investment banking jobs could leave the U.K. soon after Brexit, according to the latest estimates by consulting firm Oliver Wyman. With the U.K. government negotiating an exit from the European Union, there is a chance that banks will lose their rights to sell products to EU clients. To offset this, banks are putting into place contingency plans to build out their operations in the trade bloc. Based on those initial plans, Oliver Wyman says 15,000 to 17,000 wholesale banking jobs are set to be...

Source: Wall Street Journal August 01, 2017 07:41 UTC