London-loving bankers would rather lose their jobs than move to EU: German expert

LONDON, April 11 (Xinhua) -- London bankers "would rather quit their jobs than move to the European Union (EU)," or mainland Europe after Brexit, a German financial expert said Wednesday.

Andreas Dombret, a board member of the German central bank, known as the Bundesbank, said that many staff were keen to stay in London, which is Europe's financial capital and is known for its world-class culture, sport and nightlife, the London-based Evening Standard daily newspaper reported.

Paris, Dublin, Amsterdam and Frankfurt are seeking to lure London-based bankers as Britain quits the (EU).

"There is a big willingness to stay in London and some of those who have been asked to go would rather take a cheque and stay," he said. "And in that case, banks may well go the way of hiring bankers in those cities they want to passport out of."

Passporting allows British companies to sell services across the EU, but if it is to continue, the UK would have to stick to EU rules after Brexit. European financial centers believe UK-based companies may be forced to relocate. Enditem