Large investment banks in a few weeks will begin the process of moving operations from London to other financial centers in the European Union.

This, recalling the intention of British Prime Minister Teresa May to begin the process of the country's withdrawal from the EU on March 29, writes Bloomberg.

Bank of America Corp. , Standard Chartered Plc and Barclays Plc are considering moving from London to Dublin in order to maintain access to the EU's single market. This source was informed by sources familiar with the plans of the listed banks. Other interlocutors of the publication told that Goldman Sachs Group Inc. And Citigroup Inc. Are going to translate their international operations into German Frankfurt.

Bankers expect that the exit of Britain from the EU will be tough. Therefore, they want to open new ones or move old offices to financial centers within the union until 2019, when London will finally leave the organization. Frankfurt seems like a natural choice for relocation, considering the entire financial ecosystem in the city, which includes Deutsche Bank AG, the European Central Bank and BaFin. At the same time, the capital of Ireland attracts investment bankers in that it has similar laws with British laws and regulators. In addition, it is the only English-speaking country within the EU with a developed financial infrastructure.

Meanwhile, experts estimate that London through Brexit will lose 10-20 thousand jobs in the financial sector, as clients of large banks will withdraw from Britain assets of about 1.8 trillion euros.

Meanwhile, the Bloomberg publication wrote that Europe will try to make Brexit as unprofitable for Britain as possible. The publication notes that Germany said that there were no concessions to Britain in the negotiations, while Denmark warned that a new trade agreement with Britain could appear for 15 years.

Recall, on February 2, British deputies in the second reading approved the bill on the withdrawal of the Kingdom of the European Union. The document was voted by 494 parliamentarians. It is expected that the law can be passed by the House of Lords in March.