Barclays to move €190bn to Dublin as it ‘cannot wait any longer’ to implement Brexit contingency plan

Barclays is moving €190bn (£166bn) of assets to Dublin because it “cannot wait any longer” to implement its Brexit contingency plan.

The High Court, which has approved the move, says the move involves 5,000 clients. However, few jobs in London are expected to be affected.

The business amounts to around 15% of the bank’s £1.2 trillion in total assets and was previously conducted in the UK through branches across the EU.