Foreign Bankers Flee Tokyo as Nuclear Crisis Deepens

By Nachum Kaplan and Denny Thomas

Foreign bankers are fleeing Tokyo as Japan’s nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region.

BNP Paribas , Standard Chartered and Morgan Stanley were among the banks whose staff have left since Friday’s earthquake and tsunami, and now a nuclear plant disaster, according to industry sources with direct knowledge of the matter.

Expatriate staff at most foreign banks in Tokyo make up a small portion of the total, by some estimates less than 10 percent. But many are often in senior positions so their departure can have a significant impact.

Continue reading the article . . .