London to lose €800bn to Frankfurt as banks prepare for Brexit

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Eirikur replied

29 November 2018, 16:03
Fook business
We all hate bankers
Cheap housing soon available in the City
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AtW replied

29 November 2018, 11:43
Originally posted by thecontractingkidd View Post

The key piece of information here is the source of the research.

“The lobby group Frankfurt Main Finance released the figure after it was confirmed that 30 banks and financial firms had chosen the city as the site of their new EU headquarters.”
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thecontractingkidd replied

29 November 2018, 11:36
The key piece of information here is the source of the research.
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Whorty replied

29 November 2018, 11:33
Originally posted by AtW View Post

London will lose up to to €800bn (£700bn) in assets to rival financial hub Frankfurt by March 2019 as banks start to transfer business to the German city before Brexit day.

The lobby group Frankfurt Main Finance released the figure after it was confirmed that 30 banks and financial firms had chosen the city as the site of their new EU headquarters.

But with several banks – including JP Morgan, Goldman Sachs and Morgan Stanley – planning to spread their operations across a number of cities including Dublin and Paris, the lobby group believes the number of firms committed to expanding or setting up offices in Frankfurt will be closer to 37.

Ultimately it will mean draining billions of pounds worth of assets from London to companies’ German operations within months.

London to lose €800bn to Frankfurt as banks prepare for Brexit | Politics | The Guardian

Project Fear. Traitor. We want facts
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AtW replied

29 November 2018, 11:31
That’s just to Frankfurt

Any contractors from the City who voted Brexit?
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AtW started a topic London to lose €800bn to Frankfurt as banks prepare for Brexit

29 November 2018, 11:30
London to lose €800bn to Frankfurt as banks prepare for Brexit

London will lose up to to €800bn (£700bn) in assets to rival financial hub Frankfurt by March 2019 as banks start to transfer business to the German city before Brexit day.

The lobby group Frankfurt Main Finance released the figure after it was confirmed that 30 banks and financial firms had chosen the city as the site of their new EU headquarters.

But with several banks – including JP Morgan, Goldman Sachs and Morgan Stanley – planning to spread their operations across a number of cities including Dublin and Paris, the lobby group believes the number of firms committed to expanding or setting up offices in Frankfurt will be closer to 37.

Ultimately it will mean draining billions of pounds worth of assets from London to companies’ German operations within months.

London to lose €800bn to Frankfurt as banks prepare for Brexit | Politics | The Guardian
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