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JPMorgan Said to Push 300 to Leave U.K. in No-Deal Brexit

  • U.S. bank has activated its no-deal Brexit preparation plans
  • The employees are said to be required to confirm they’ll move
Bloomberg business news
JPMorgan Prepares for No-Deal Brexit
Updated on

JPMorgan Chase & Co. is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they’ll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.

The employees, who work in areas such as sales and risk, have been presented with contracts in the last week that demand they relocate to a European Union country such as Germany or France in a no-deal scenario, the people said, declining to be identified as the details are private. A spokesman for JPMorgan in London declined to comment.