Global Banks to Add Jobs in EU Due to New Regulations

Big banks from places like the US and UK are planning to hire more people in Europe.

This is because of new rules that say they need to handle their European business closer to home.

These banks used to mostly run their European business from London, but after the UK left the EU, they started setting up in other European countries.

The new rules will make sure these banks manage their European operations locally.

They may also move a lot of money, like loans, to Europe.

This could mean more jobs and a reshuffling of where these banks do business in Europe, with countries like Germany hoping to gain more activity.