German bank body sees about 20 banks expanding in Germany after Brexit

FRANKFURT (Reuters) – Germany’s association of foreign banks expects about 20 banks to expand their presence in Germany as a result of Britain’s decision to leave the European Union, it said.

“This will involve up to 5,000 new jobs in the next two years, many of which will be hired locally,” Stefan Winter, the head of the Association of the Foreign Banks in Germany (VAB), said on Wednesday.

He said much would depend on whether there would be transitional periods.

Reporting by Hans Seidenstuecker; Writing by Maria Sheahan; Editing by Victoria Bryan

Learn More about signals trading

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Israel’s Elbit Systems wins $65 mln Asia-Pacific contract

Suncor sees first-quarter Syncrude production hit on maintenance work