How to Dodge the Bonus Cap, and Other Perks for Firms Quitting London - News Summed Up

How to Dodge the Bonus Cap, and Other Perks for Firms Quitting London


LONDON—Regulators and government officials across Europe are trying to lure London finance companies ahead of Brexit, sparking a continentwide backroom bidding war. The sweeteners range from the promise of cheap rents to protection of bankers’ bonuses. “It’s like an auction,” says a lawyer advising several finance companies on their Brexit plans. The jockeying is fostering tension among European regulators and raising concerns that...


Source: Wall Street Journal July 06, 2017 09:22 UTC



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