Bankers expect a progressive relocation of jobs from London to the EU.
(Photo: Bloomberg)
Frankfurt, London London bankers are in a festive mood, a lucrative bond season is imminent. According to the financial service Bloomberg, the bond fund of the British bank Barclays should be at least 25 percent higher than last year. At US banks JP Morgan and Goldman Sachs, it should be even 40 to 50 percent more for dealers.
Also at Deutsche Bank, bankers who worked on start-up buyouts and equity placements can probably expect a 20 percent raise.
At first glance, everything seems to be in order in the city. The first year after Brexit was marked by record IPOs, a series of mergers and acquisitions (M&A) and exceptionally buoyant stock trading.
“It’s been a very busy and hectic year,” said Catherine McGuinness, head of lobbying for the City of London Corporation. “The financial sector coped well with Brexit.”
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