Frank­furt set to ben­e­fit from the Brexit ex­o­dus

Yorkshire Post - Business - - BUSINESS -

THE CHIEF ex­ec­u­tive of Deutsche Bank has said that Frank­furt is now bat­tling New York and Singapore for UK bank­ing jobs in the run-up to Brexit, hav­ing al­ready emerged as a clear win­ner among its Euro­pean peers. John Cryan said that while fi­nan­cial hubs like Paris, Am­s­ter­dam and Dublin would un­doubt­edly ben­e­fit from the UK’s post-Brexit ex­o­dus, none have the in­fra­struc­ture to take a large por­tion of busi­ness from Lon­don.

But some banks may strip down their EU op­er­a­tions and shift jobs fur­ther afield.

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