And this could be the start of the torrent.....
JPMorgan to Move $230 Billion Assets to Germany Under Brexit
JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany.
The U.S. bank plans to finish the migration of the assets to its Frankfurt-based subsidiary by the end of the year, people familiar with the matter said. The change could boost its balance sheet enough to become the country’s sixth-largest bank, based on the assets of the biggest commercial lenders last year.
Among the Biggest Banks
JPMorgan's Germany-based unit will soon be among the Top 10 lenders
https://www.bloomberg.com/news/articles ... ium-europe
I do wonder when we will find out how Brexit has benefitted the UK ...
JPMorgan to Move $230 Billion Assets to Germany Under Brexit
Re: JPMorgan to Move $230 Billion Assets to Germany Under Brexit
https://www.theguardian.com/business/20 ... s-domicile
Britain’s richest man, who campaigned for Brexit, is moving to Monaco. (He also has moved lots of business into Europe)
Britain’s richest man, who campaigned for Brexit, is moving to Monaco. (He also has moved lots of business into Europe)