Brexit Negotiations Moving At Glacial Pace As I-Bank Jobs At Risk

It is approaching a year and a half since Brexit occurred, and negotiators on both sides of the English Channel find themselves with a deadline lurking and tough issues still unresolved. Perhaps a “worrying sign” to Capital Economics is the fact that, while the pressure of a deadline is fast approaching, no new negotiating rounds are being scheduled. Despite the lingering uncertainty, bank jobs are not likely to leave London to the extent previously thought, an October 27 UK Economics report notes.

Also interesting is the chart on possible investment bank job losses. The note states:

it was reported this week that Swiss bank UBS thinks that there has been enough clarification on regulatory issues that the risk that 1,000...