HSBC in February remarked that it could could shift 1,000 investment banking jobs from London to Paris if the UK left the EU.
Stuart Gulliver, HSBC chief executive, said "We have 5,000 people in global banking and markets [HSBC’s investment bank] in London and I could imagine that around 20 per cent of those would move to Paris.”
In a statement, Paris Europlace, a lobby group for the French capital's financial centre, said: "Europe must undertake negotiations without concessions on the United Kingdom's departure" by making it clear that the UK "no longer belongs to the European single market and must be considered as a third country" without the right to benefit from a European passport granting it access to financial markets.
Stuart Gulliver, HSBC chief executive, said "We have 5,000 people in global banking and markets [HSBC’s investment bank] in London and I could imagine that around 20 per cent of those would move to Paris.”
In a statement, Paris Europlace, a lobby group for the French capital's financial centre, said: "Europe must undertake negotiations without concessions on the United Kingdom's departure" by making it clear that the UK "no longer belongs to the European single market and must be considered as a third country" without the right to benefit from a European passport granting it access to financial markets.
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