Bloomberg: Santander to move 30 staff to Spain in no-deal Brexit plan

11 April 2019

Banco Santander is planning to move about 30 employees to Spain from its UK investment bank should Britain leave the European Union without an exit agreement, a person familiar with its plans said.

“We have contingency plans in place to ensure we continue serving our clients, without disruption, regardless of the outcome of Brexit negotiations,” the bank said in a statement in response to questions from Bloomberg.

The Spanish lender, with about 4,000 workers in its wholesale banking business across 19 countries, is joining banks such as Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley that have taken steps to continue selling financial services within the European Union under existing terms.[...]

Full article on Bloomberg

© Bloomberg