Workers at J.P. Morgan in London could face job moves to Dublin, Luxembourg or Frankfurt after Brexit. The job moves wouldn’t necessarily go just to those three cities but could be spread across a range of European hubs that J.P. Morgan operates across the continent, the people said. After the two-year Brexit negotiating period ends, the bank will re-evaluate its plans and move further jobs if necessary. J.P. Morgan staffers have begun compiling paperwork to apply for licenses. J.P. Morgan Chief Executive James Dimon has said up to a quarter of the bank’s 16,000 staff in the U.K. may have to move.

Source: Wall Street Journal May 03, 2017 13:52 UTC