26th Oct 2016


Report: Germany best placed to poach UK business

A study by the Financial Times newspaper out Monday said Frankfurt and Munich are better placed than other EU financial centres to poach business from the City of London after Brexit. It said 70 percent of the EU's top banks and 60% of its top insurers already had subsidiaries in Germany. In banking, Luxembourg was the next best placed on 50 percent, with Dublin and Paris on 40 percent each.

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