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Brexit could see $911 billion of assets siphoned from the City of London to Frankfurt

While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt.
London's Canary Wharf financial district

The UK government says Brexit will harm the economy. A lot of damage has already been done.

So much damage has already been done to the UK because of Brexit. The mere whiff of uncertainty has been enough to send many companies packing.
Traders from BGC, a global brokerage company in London's Canary Wharf financial centre react as European stock markets open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum.

’28 months of work undone in hours’: The City of London reacts to the chaos of Theresa May’s crumbling Brexit deal

City of London investors and analysts are scrambling to make sense of Thursday's Brexit developments.

Britain’s financial regulator is slapping down the City’s ‘bad apples’ and won’t let up any time soon

The FCA has banned 23 "bad apples" from working in financial services in the past 12 months, a 28% rise since the year before.

City of London breathes sigh of relief on Brexit deal to secure financial crown

UK and EU secured a deal on the relationship for financial services firms operating in the two jurisdictions after Brexit. The pound rallied 1%.

Europe is closing a trading loophole that banks were relying to cope with Brexit

European Central Bank reportedly wants to crack down on a practice known as "back-to-back" booking after Brexit.
Traffic going towards London's Canary Wharf business district.

JPMorgan and Citi say just hundreds of jobs will leave London due to Brexit — not thousands

Executives from JPMorgan, Citi, and Barclays Ireland gave evidence to UK MPs on Tuesday about the impact of Brexit on their industry. All three said their banks expect just 150 roles to be moved out of London in the immediate aftermath of Brexit.
Canary Wharf, the financial centre of London.

The EU is planning strict supervision of the City of London after Brexit

Britain and the EU are currently discussing a new relationship for financial services, most likely based around the principle of equivalence.
The City of London.

The City of London issued a stark warning about the future of European finance after Brexit — and the EU is listening

According to a report from The Times on Tuesday, UK officials told Brussels that "thousands" of European investment funds will be under threat if the EU insists on a hardline approach to the City.
Bad news for the City of London?

Deutsche Bank is shifting business out of London — and it hints at a troubling post-Brexit future for a $1 trillion industry

Eurozone financial bigwigs have consistently argued that euro clearing should take place within the euro area, and Britain has repeatedly had to defend its right to clear trades.