Standard Chartered warns of more Brexit staff moves as EU makes stricter demands
(World News UK)

Tougher demands by EU regulators may force banks such as Standard Chartered to shift more jobs to Europe than originally planned due to Brexit, one of the lender`s top bosses has warned. Standard Chartered has been waiting nearly nine months for EU officials to approve a banking licence that will turn its Frankfurt branch into a subsidiary, and while it originally expected approval by spring, it has been at the mercy of regulators still finding their footing. Tracy Clarke, the bank`s regional CEO for Europe and the Americas, told the Press Association: `Because we were one of the first (to apply for a...