Morgan Stanley denies it began moving 2,000 staff out of London after Brexit vote

Morgan Stanley denied it had begun moving 2,000 investment banking staff out of London, rejecting earlier media reports following Britain’s historic vote to leave the European Union (EU).

The BBC had reported that the U.S. investment bank had begun the process of moving the key investment banking jobs from the British financial hub to either Dublin or Frankfurt.

A spokesman for Morgan Stanley said the BBC story was not true, but declined to elaborate.

Source: Reuters