Brexit

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International banks are getting serious about moving staff to Frankfurt after last year’s Brexit vote, according to property brokers in Germany’s financial capital. “Nothing concrete happened last year, but that all changed in the first quarter of this year,” said Carsten Ape, head of office leasing for Germany at CBRE Group Inc. “Banks are now looking in earnest at specific locations.” The uncertainty triggered by Britain’s decision to leave the European Union has prompted banks to consider setting up new hubs in the EU to secure continued access to the bloc. Goldman Sachs Group Inc. and Citigroup Inc. are considering choosing Frankfurt as their EU base, people with knowledge of the situation said in January.

Banks Get Serious About Moving Jobs to Frankfurt as Brexit Looms - Bloomberg