Global Analysis from the European Perspective. Preparing for the world of tomorrow

Frankfurt Is the Big Winner in Battle for Brexit Bankers

Frankfurt has emerged as the biggest winner in the fight for thousands of London-based jobs that will have to be relocated to new hubs inside the European Union after Brexit. Standard Chartered Plc, Nomura Holdings Inc. and Daiwa Securities Group Inc. have picked the German city for their EU headquarters to ensure continued access to the single market. Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley are weighing a similar decision, said people familiar with the matter, asking not to be named because the plans aren’t public. Source: Bloomberg

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