Citi preparing to move 900 staff to Dublin from London: Sunday Times
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
A Citibank sign is reflected in a window in the City of London November 12, 2014. REUTERS/Stefan Wermuth
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
LONDON (Reuters) - U.S. bank Citi (NYSE: C) is preparing to move up to 900 jobs from London to Dublin as part of its contingency plans for Britain's exit from the European Union, the Sunday Times reported.
The newspaper said the bank held a board meeting in Dublin last month, and cited sources in the Irish capital as saying Citi was exploring options for office space there.
"They have been testing the Irish political and regulatory regime on a macro level," it quoted one source as saying.
Last month the UK head of Citi, which has 9,000 UK employees, said jobs in London's financial sector would move to other EU countries regardless of what deal Britain strikes on access to the EU's financial services market.
(Reporting by Kylie MacLellan; Editing by Elaine Hardcastle)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citigroup fourth-quarter markets revenue trending up 20 percent vs year ago
- Eyeing upswing, more U.S. oilfield service firms restructure
- South Korea parliament introduces bill to impeach Park; vote due Friday
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!