PARIS (Reuters) - Credit Agricole (CAGR.PA), France's third-biggest listed bank, could relocate about one hundred employees from its London hub to France out of 1,000 based there, in case of a "hard" Brexit from the European Union, its chief executive said. "If Brexit takes place...and it's a hard Brexit, we will not be able to operate some of activities from London," Philippe Brassac told French business weekly Le Revenu, in an interview shared by the bank on youtube.com. "In this case, we will probably repatriate about one hundred employees to France". (Reporting by Maya Nikolaeva, Editing by Dominique Vidalon)
Credit Agricole could relocate about London-based 100 employees, equivalent to 10% of staff in the city, to France, in the event of a 'hard-Brexit', according to chief executive Brexit. He said that the bank would not be able to operate a number of its activities in London in such a scenario.