Business braces for no-deal Brexit

JPMorgan Chase is urging about 300 of its London investment bankers to sign contracts requiring them to move out of Great Britain if it leaves the European Union without a trade deal, the latest sign of what Parliament’s inability to deliver the pain-free Brexit sold to voters will cost the country’s economy.

The new agreements would commit the employees to transfer to offices in countries that remain part of what would become a 27-nation trading bloc, according to a person familiar with the New York-based lender’s plans.