Back when the BREXIT talk started, there was this speculative rumor that various Brit banks were set to move a fair number of their employees out of London. Frankfurt started a campaign to convince the bankers to set up shop there.
Well....today, N-24 (the news network of Germany)....laid down the trump-card.....the draft of the BREXIT agreement says that Brit banks can operate under 'most' situations as they've been doing....right out of London. So there probably won't be any London employees showing up in Frankfurt, Paris, or Amsterdam.
A big positive? For the British banking sector....yes. For Frankfurt, a fair negative. At one point, there were rumors of 10,000 Brit employees perhaps showing up.
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