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...

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