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10 foreign banks in the last 12 months have selected Frankfurt am Main, choosing this German city for the transfer of its operations and staff from London, data from a survey of the German state bank Helaba showed. To date, 25 banks has already selected Frankfurt, including Goldman Sachs, JPMorgan, Citi and Barclays. The number of banks that moved to Paris for the past 12 months was 8. Luxembourg, Amsterdam and Dublin together attracted 15 banks. Frankfurt for foreign banks that were planning to move from the UK, was highly sought, as it houses the largest European stock exchange in Europe and the European Central Bank. In addition, Frankfurt is the headquarters of the leading German banks and investment companies.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
Swiss pharmaceutical giant Novartis AG (NVS) has agreed to pay more than $729 Million to settle a lawsuit that accused the company of paying illegal kickbacks to doctors and patients to increase drug sales, the U.S. Department of Justice said ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
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