Barclays and HSBC to stay put

Barclays and HSBC to stay put

Barclays and HSBC have said they have no immediate plans to ditch the UK following the result of last week's referendum on the EU.

Jes Staley, Barclays chief executive, said the lender plans to stay "anchored in Great Britain".

"Right now we are not making any plans to pick up and move people from one location to another," he told the BBC.

But he added that the bank wants to be "involved in the capital markets globally" and to "stay connected to the European capital markets".

"You might have to increase your presence in another location, that doesn't necessarily mean you have to decrease your location here," he added. .

Meanwhile, HSBC chairman Douglas Flint has told a conference that the bank is also staying put.

The messages come a day after Goldman Sachs and Morgan Stanley moved to quash rumours that they are drawing up plans to move their London banking operations to Frankfurt in the wake of the vote.