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Barclays says to keep significant presence in London's Canary Wharf

By Reuters Staff
1 Min Read
FILE PHOTO: A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS/Stefan Wermuth//File Photo
(Reuters) - Barclays Chief Executive Jes Staley says the bank has no current plans to make “a major real estate move”.
Staley said in April last year that the pandemic could make “large” offices a thing of the past, prompting speculation they may vacate some of the buildings they occupy in London’s Canary Wharf district.
But he took a softer tone on Thursday during an earnings call.
“We will keep a significant presence in Canary Wharf, no one has a crystal ball as to how this will all unfold, but right now there is no plan on our part to make a major real estate move,” he said. ....

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How Amsterdam is stealing a march on rivals as Brexit trading hub - Netscape Money & Business

How Amsterdam is stealing a march on rivals as Brexit trading hub
By Tommy Wilkes, Toby Sterling, Abhinav Ramnarayan and Huw Jones
Reuters
AMSTERDAM/LONDON (Reuters) - All the talk was of Frankfurt or Paris luring London s financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.
Data last week showed the Dutch capital had displaced London as Europe s biggest share trading centre in January, grabbing a fifth of the 40 billion euros-a-day action, up from below a tenth of trading pre-Brexit.
Yet that is just one of several areas the city has quietly stolen a march on its rivals as it attracts businesses from Britain, evoking memories of its history as a global trading powerhouse in the 17th century. ....

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Top bankers sound alarm: Remote work is starting to grat

Top bankers sound alarm: Remote work is starting to grat
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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