This file photo taken on April 27, 2010 shows the London offices of Goldman Sachs. Goldman Sachs chief executive Lloyd Blankfein has warned that London will stall because of risks from the Brexit procss on May 5, 2017. / AFP / LEON NEAL
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The five largest U.S. investment banks are set to move hundreds of key staff within two years from London to Frankfurt, the city's chief lobbyist told Reuters, in a move that could bolster Germany's role in global finance.Frankfurt, which long grappled with an unfavorable backwater image, promotes itself as a stable city for banks seeking to relocate, while the German government and politicians have discreetly welcomed those looking to move.He said 20 banks were now in advanced talks with the regulators about getting a license in Germany.Some of the banks, however, have yet to finalize their plans. Morgan Stanley, whose chief executive James Gorman recently visited Frankfurt, and Goldman Sachs prefer Germany's financial capital as their main base.
FOLLOW THIS ARTICLE