Advertisement
UK markets close in 3 hours 57 minutes
  • FTSE 100

    7,856.56
    -108.97 (-1.37%)
     
  • FTSE 250

    19,418.35
    -280.54 (-1.42%)
     
  • AIM

    741.53
    -8.75 (-1.17%)
     
  • GBP/EUR

    1.1707
    -0.0003 (-0.03%)
     
  • GBP/USD

    1.2451
    +0.0004 (+0.03%)
     
  • Bitcoin GBP

    50,301.93
    -2,904.14 (-5.46%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CRUDE OIL

    85.20
    -0.21 (-0.25%)
     
  • GOLD FUTURES

    2,387.70
    +4.70 (+0.20%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • DAX

    17,810.88
    -215.70 (-1.20%)
     
  • CAC 40

    7,955.29
    -89.82 (-1.12%)
     

French banks pledge 1,000 post-Brexit jobs in Paris

(Adds finance minister statement, details)

PARIS, July 21 (Reuters) - French bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France's finance minister, Bruno Le Maire.

President Emmanuel Macron's government has already announced plans to cut payroll tax and cancel a planned extension of tax on share trading, measures that French banks had lobbied for .

"About a thousand jobs could be concerned, which could have a knock-on effect of at least three indirect jobs for each direct job," the French banking federation said in a statement.

ADVERTISEMENT

However, it was not immediately clear whether those measures have had any effect on bank relocation plans that could have been laid out earlier. Despite efforts to attract London banks after Brexit, international banks so far have mostly chosen Frankfurt as their EU hub.

Le Maire met the head of the French central bank, Villeroy de Galhau, and executives of BNP Paribas (LSE: 0HB5.L - news) , BPCE, SocGen (Paris: FR0000130809 - news) , Credit Agricole (Swiss: ACA.SW - news) , Credit Mutuel, Banque Postale.

The finance minister's office said the group had also discussed banking regulation.

"Bruno Le Maire mentioned his concern that these (banking regulation) negotiations should lead to a compromise that guarantees both financial stability and the good financing of the European economy," the statement said.

(Reporting by Leigh Thomas and Maya Nikolaeva; Editing by Larry King)