If you want to work in banking, you 'might' need to move abroad

Oct 14, 2016 | BBC

A report from executive recruitment firm DHR International reveals that US banks are now recruiting positions in Frankfurt and Paris instead of London.

They say this had been planned for a while, but that Brexit gave companies an opportunity to speed up the process.

Brexit was a "handy excuse for getting on (with) the unpleasant task of moving jobs outside London," says the company's managing partner, Stéphane Rambosson in the report.

Lloyd's of London is also planning offices in the EU after fears Brexit could affect its £800m trading empire.

However, Foreign Secretary Boris Johnson has promised that those who "prophesied doom" over Brexit will be proved wrong.