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Economy 1 min read Source: УРА-Информ

About 30 banks can move from London to Frankfurt because of Brexit

About 30 banks can move from London to Frankfurt because of Brexit
photo УРА-Информ

This is reported by Deutsche Welle.

As noted, British, American, Japanese and German banks plan to change their address.

At the moment, the financial companies have already officially informed of their intentions to transfer part of their business from London to Frankfurt.

For example, the last about the intention to leave London because of Brexit was reported by the Japanese bank Mizuho.

Also the address from London to Frankfurt is planned to change other Japanese financial institutions - Sumitomo Mitsui, Nomura and Daiwa Securities.

Earlier, among the major international financial institutions about plans to transfer part of the business to Europe, said the American Citigroup.

In turn, the other two major business centers that are considered by companies to move from London due to Brexit are Dublin and Paris.

Recall, as previously reported, "URA-Inform," the European Parliament threatened Britain to veto negotiations on secession from the European Union.

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