City giants begin move to Frankfurt as Brexit doubts grow

German finance hub looks to assume the mantle of Europe’s business capital

The City of London
(Image credit: Matthew Lloyd/Getty Images)

Some of Wall Street’s biggest firms are moving their European headquarters from London to Frankfurt, after months of slow and acrimonious negotiations between Britain and the EU.

With London’s future as Europe’s financial capital more uncertain than ever, Reuters reports Goldman Sachs has agreed to lease 10,000 square meters of office space in the German finance hub, which would be enough room for as many as 1,000 staff.

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