Barclays & HSBC say jobs won't leave London

Two of Britain’s biggest banks have expressed their faith in London, aiming to keep jobs in the country’s capital.

HSBC’s Chairman Douglas Flint previously indicated that 1,000 banking jobs could be moved to France in the event of a Brexit.

However, he has now clarified those comments, reassuring his workforce that no change was imminent and the move would be an “extreme” scenario – The Telegraph reports.

“If you look at elements of the wholesale business which depended upon passporting rights, if you thought we were going to lose all of those passporting rights, to take one extreme, it could be up to 1,000 jobs,” he told TheCityUK’s annual conference in London.