JPMorgan moving €200bn in assets to Germany due to Brexit
Many banks that will likely no longer be able to book their trading operations for the EU from the UK are moving assets to the continent’s mainland
23 September 2020 - 15:55
London — JPMorgan Chase is moving about €200bn of assets from the UK to Germany as a result of Britain’s exit from the EU, a source familiar with the matter said on Wednesday.
In January, the bank had also announced it would significantly expand its Paris hub as part of plans to relocate some services from London after Brexit...
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