Anthony Browne, head of the British Bankers’ Association, claims (HERE) that some smaller banks are preparing to relocate into Europe before the end of this year, with larger banks set to follow in the first quarter of next year. If anyone is in a position to know it must be Mr Browne.
He puts this down to uncertainty over Brexit and also says the equivalence regime is no substitute for passporting rights, no matter what the Brexiteers say.
Bloomberg are reporting in today's newsletter that a property company managed by Schroders Plc is bidding for an office building in Frankfurt, joining CBRE Global Investors LLC and Standard Life Plc, which are seeking to purchase office space in cities from Dublin to Amsterdam.
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