--JPMorgan Chase & Co. plans to move about 200 staff from London as the U.K. prepares to exit the European Union, Bloomberg reported Friday, citing people familiar with the matter.

--Workers in areas such sales and trading would have to sign new contracts and prepare to relocate in time for Jan. 1, according to the report.

--Workers would move to other European cities and receive six months' commuting and accommodation support in addition to help with language courses, the report said.

--A spokesman for JPMorgan in London declined to comment, according to Bloomberg.

 

Full story: https://www.bloomberg.com/news/articles/2020-09-18/jpmorgan-to-relocate-200-london-bankers-as-no-deal-brexit-looms?sref=cvDKYV7o

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

September 18, 2020 14:54 ET (18:54 GMT)

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