BIG BANKS ARE MOVING HUNDREDS OF BILLIONS EUROS FROM LONDON

Daily report by Gojko Drljaca Big banks are moving hundreds of billions of euros out of London. These are new destinations of capital AUTHOR: Gojko Drljaca PUBLISHED: 9/24/2020 at 10:12 May 16, 2018 - London, London, United Kingdom - LONDON, ENGLAND - MAY 16, 2018: Panoramic aerial view of The City of London with River Thames, St. Paul's cathedral and modern office buildings in London, Image: 373677440, License: Rights-managed, Restrictions:, Model Release: no, Credit line: Profimedia, Zuma Press - ArchivesProfimedia, Zuma Press - Archives Panorama of London Large banks and investment houses are rapidly moving huge amounts of financial assets they manage from London to several European destinations. The reason for the evacuation of financial assets from London is Brexit, which is a heavy blow to the British financial industry. Related news The world's largest banks laundered $ 2 trillion for mobsters, terrorists, politicians ... The Federal Reserve is implementing the strategy of the Montenegrin generals For example, these days JPMorgan alone has announced that it is transferring around 200 billion euros from London to Frankfurt due to Brexit. The transfer of such a huge amount according to their plans should be completed by the end of this year. JPMorgan's new operations in Frankfurt could therefore rise to the level of the sixth largest German bank in terms of balance sheet size. JPMorgan is just one of the large investment houses / banks that are forced to migrate financial assets from London to various European destinations. They choose Paris, Frankfurt, Milan and Madrid as the most common destinations. JPMorgan says that they would strengthen their operations in Germany and the EU, regardless of Brexit. This applies to investment banking, corporate banking and wealth management. In addition to the new European headquarters in Frankfurt, JPMorgan is also developing special hubs in Paris, Amsterdam and Copenhagen. Germany was also chosen by UBS, Standard Chartered and Citigroup as a new key European destination after the evacuation from London due to Brexit. Daily reading offer: Vaccine protocols - a respectable read for better understanding Nasal antiseptic for rapid inactivation of SARS-CoV-2 goes to clinical t