Commonwealth Bank of Australia to move European HQ out of London


Relocation to Amsterdam will give better access to European markets ‘regardless of Brexit outcome’

Commonwealth Bank of Australia has said it will move its European headquarters from London to Amsterdam in the coming months after Britain’s departure from the EU.

The departure comes despite declarations by the UK’s prime minister, Boris Johnson, that the British economy would “thrive” with an “Australian-style” trade deal with the EU, which many describe as a euphemism for a no-deal crash out of the bloc.

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