Frankfurt is winning the battle for London’s banking jobs after Brexit
2,850 jobs
Banks in London should move 14,000 banking jobs to EU cities because of Brexit. So far, the most are going to Frankfurt, 2,850 jobs, according to Bloomberg.
Published | Photo by EPA/Boris Roessler
UBS, Citigroup, and Goldman Sachs, among others, are moving to Frankfurt, which is both the financial capital of Germany and the seat of the European Central Bank.
So much interest from financial institutions is squeezing the real estate market in Frankfurt. There is a shortage of large office spaces in the city center.
Banking jobs moving from London to other European cities
Meanwhile, Paris will get 1,400 of those 14,000 jobs so far (from HSBC and Société Générale), and Dublin, only 150 jobs (from Barclays).
