A boon for European cities poaching UK bankers

London

THOUSANDS of jobs at London's largest financial institutions are at risk of leaving the country after the UK voted to exit the European Union. The cities most likely to reap the benefits include Paris, Frankfurt and Dublin.

A majority of voters were not swayed by warnings from international bank bosses, the International Monetary Fund and politicians that high-paid financial jobs could leave Britain, as 52 per cent voted to depart the EU and 48 per cent backed remaining.

The UK will now negotiate the terms of its exit, a process that can take two years from when secession is triggered. Bank jobs most at risk are those trading products governed by…