London British: Axel Weber and Job Losses

london british: And HSBC CEO Stuart Gulliver announced that his bank would move jobs to Paris, which had previously generated only about one-fifth as much business as London, according to Deutsche Welle. British Prime Minister Theresa May did not mention these job losses at the World Economic Forum. Axel Weber, head of Switzerland's UBS, said 1,000 of its 5,000 jobs in London could be affected. She said only that Britain must face up to a period of momentous change. It means accepting that the road ahead will be uncertain at times, but believing that it leads to a brighter future for our country's children and grand-children. It means we must go through a tough negotiation, and forge a new role for ourselves in the world. (news.financializer.com). As reported in the news.