• A $3.7 Billion Property Flop Shows the Price of Brexit

    16 days ago - By Washington Post

    Even with an almost 30 percent discount to its asset value, Intu couldn't complete a sale. That suggests you can't invest in Britain right now.
    Read more ...

     

  • BREXIT: London's loss is Frankfurt's gain with €800 billion of assets potentially moving to Germany

    BREXIT: London's loss is Frankfurt's gain with €800 billion of assets potentially moving to Germany

    16 days ago - By Business Insider

    Around €750 billion to €800 billion in assets are expected to move from London to Frankfurt in the first quarter of 2019.
    At least 30 financial institutions have chosen Frankfurt as their EU-base post Brexit.
    Frankfurt's financial-industry body claims 10,000 jobs will leave the UK for Germany.
    While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt. It's more bad news for the City of London.
    Frankfurt Main Finance, a lobby group, has claimed that between €750 billion to €800 billion in financial assets will move to...
    Read more ...