As Britain prepares to leave the European Union, thousands of British bankers are considering a move to Frankfurt. Germany's financial capital is ready to take them in.
Amid uncertainty over a "no-deal" Brexit, a report shows banking and finance firms are moving more assets and staff from Britain to the EU than previously thought. Dublin and Frankfurt are among the top destinations.
Boris Johnson is on track to become British Prime Minister after winning the Conservative Party leadership vote. He will immediately have to deal with a burgeoning crisis with Iran and long-stalled Brexit negotiations.
Despite a cap on bonuses for EU bankers, the number of high earners has increased by over 40 percent since 2010. The UK, home to thousands of millionaire bankers, has only seen a "small increase," likely due to Brexit.
Commerzbank had wanted Copernicus, a digital project to be run by its Polish subsidiary, mBank, to be the first Pan-European lender. When it got cold feet last year, mBank's ex-boss decided to go ahead anyway.
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