London's largest global banks are planning to transfer about 9,000 jobs to mainland Europe in the next two years, according to official statements and source information, as the move of financial sector workers is beginning to gain flesh and bones.
Last week, Standard Chartered and JPMorgan were two more global banks that presented their plans for their European operations after Brexit and are among the growing number of financial institutions that move forward with their plans to transfer their business outside of London.
Goldman Sachs Chief Executive Officer Lloyd Blancage said on Friday that London's development as a financial center could be "delayed" as a result of Brexit's turmoil.
Thirteen major banks, including Goldman Sachs, UBS and Citigroup, have given an indication of how they can expand their operations in Europe to secure access to the EU single market after Britain retires.