Friday August 14, 2020

Brexit: Morgan Stanley eyes Dublin and Frankfurt if Britain leaves EU

Bank chief Colm Kelleher urges voters to "show sense" and Remain

23rd June, 2016
Bank threatens to leave London

A UK vote in favour of leaving the European Union could prompt Morgan Stanley to move its local headquarters to Dublin or Frankfurt from London, bank President Colm Kelleher has warned.

Cork native Kelleher said: "This will be the most consequential thing postwar that we’ve ever seen. Initially, the fallout can be controlled, but the political ramifications are actually quite profound."

Financial markets have been on edge ahead of today's referendum on membership...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

In Kildare, many are grateful that the lockdown isn’t a return to square one, but there is anger that actions weren’t taken to prevent it in the first place

Barry J Whyte | 5 days ago

Conservation group calls for effective regulation as multinationals increase use of on-site gas plants to generate electricity

Killian Woods | 2 weeks ago

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 month ago