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10 things you need to know before European markets open

Kit Kat chocolate bars are pictured in London, Britain May 17, 2017. REUTERS/Stefan Wermuth

Good morning! Here’s what you need to know.

1. BNP Paribas may move up to 300 London investment bank staff due to Brexit, a source told Reuters. Britain’s vote to leave the EU has forced global banks to examine where to move, given they expect to lose the necessary “passporting” licence to operate on both sides of the Channel.

2. BP shareholders approved an $11.6 million pay package for chief executive Bob Dudley, after the oil and gas company cut it in response to investor pressure. Shareholders at BP’s annual general meeting also approved a new remuneration policy that read more >>>

Source:: BusinessInsider.Com

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