If you could vote on Brexit now which option would you choose?

Citi sets post-Brexit Frankfurt trading hub in motion

Citigroup’s new broker-dealer in Frankfurt is now fully operational as the US bank finalises its Brexit contingency plans with political negotiations stuck in limbo less than two weeks before the UK’s official leaving date. Citi’s German investment firm has begun trading on the main European exchanges and issuing in capital markets on behalf of institutional and corporate clients that can no longer be served through its British entities, the lender said. It has also begun clearing on the Eurex exchange. Unable to wait any longer, in recent months banks have put the finishing touches to their structural changes as the UK heads into more Brexit uncertainty after parliament rejected the deal on offer.

Financial Times - March 19, 2019

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