Financial sector Headlines

  • Frankfurt prepares for Brexit: 'It has put extra wind into our sails'

    Recently praised by the chief of Goldman Sachs, Germany’s financial capital is in pole position to gain banking jobs from the UK Peter Ferres, founder-headmaster of Frankfurt’s Metropolitan school, knows a thing or two about London bankers: he used to be one of them. For seven years, Ferres worked as a managing director for Credit Suisse in the City, marshalling billion-dollar stock market flotations of emerging market companies. In 2005, he chucked in his career in the Square Mile: after...

    the Guardian
  • ECB criticises banks' relocation plans after Brexit

    Central bank warns against setting up ‘empty shell’ operations in euro area without adequate staff The European Central Bank has warned banks that some of their Brexit plans are inadequate as they involve setting up “empty shell” operations in the EU that are not properly staffed. The Frankfurt-based institution said “elements in a number” of relocation plans submitted by banks that use the UK as their gateway to the EU “did not fully meet” its expectations. Continue reading...

    the Guardian
  • Paris battles to cash in from Brexit: 'I think we can gain 10,000 jobs'

    In the first in a series on European cities seeking to profit from the UK’s exit from the EU, we hear how the French capital is tempting firms from London Amid the gleaming glass towers of Paris’s La Défense business district, cranes dot the skyline as drills clatter away on the building sites of future skyscrapers and acres of new office space. Marie-Célie Guillaume proudly walks the route of the guided tours she gives to companies drawing up Brexit contingency plans and considering moving jobs...

    the Guardian