Wall Street banks in no hurry to move from London to EU
The ease of doing business from the City’s Square Mile will be hard to match as Brexit plays out
24 September 2020 - 14:09
Wall Street’s big banks may have started shifting some assets from the UK, but their EU operations have a way to go before they can match those in the City of London.
JPMorgan Chase is moving about $230bn of total assets to its Frankfurt-based subsidiary by the end of the year as a result of Britain’s exit from the EU. Other banks have also been beefing up operations in the bloc...
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