"Regardless of whether the U.K. can reach a two-year transition arrangement, EU regulators have made it clear they expect banks to establish full-scale, standalone operations inside the trading bloc staffed by significant numbers of both front- and back-office staff as well as senior employees, rather than so-called brass-plate offices with people commuting from London.
Frankfurt isn’t the only beneficiary of Brexit. Citigroup will also relocate roles to offices in Madrid, Milan, Paris, Dublin and Luxembourg, the person said. Citigroup already operates in 21 EU states, and has more than half of its European employees based outside of the U.K.
“2018 feels good, the growth in Europe is there, inflation is still low and the monetary policy is still very accommodative,” Turek said."
Sounds like we've lost Citigroup anyway. Direct result of Brexit.
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