JPMorgan to Move $230 Billion Assets to Germany in Brexit Shift

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  • Bloomberg Markets and Finance published this video item, entitled “JPMorgan to Move $230 Billion Assets to Germany in Brexit Shift” – below is their description.

    Sep.24 — JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany. Hubertus Vaeth, managing director of Frankfurt Main Finance, comments on the implications of the move for the country’s financial industry and its regulators. He speaks on “Bloomberg Markets: European Open.”

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    In This Story: Brexit

    Brexit is the name given to the United Kingdom’s exiting the European Union, which happened on 31 January 2020, following a narrow “Leave” referendum result in a June 2016 vote on EU Membership which took place in the country. News items related to Brexit are posted, below, chronologically, with the most recent items at the top, from a variety of outlets.

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