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Frankfurt vies for U.K. banking jobs

Oct. 10, 2016 2:39 AM ETEWG, GF, EWGS, FGM, DBGR, DXGE, HEWG, QDEU, DAXBy: Yoel Minkoff, SA News Editor1 Comment
  • Germany is considering changing its labor laws to make Frankfurt a more attractive hub for banks looking to move staff out of London after Brexit, FT reports.
  • People briefed on the plan said Germany was looking at imposing an upper salary limit on employee protections of €100,000 or €150,000, which would make conditions such as redundancy terms less generous.
  • ETFs: EWG, DAX, GF, DXGE, DBGR, HEWG, EWGS, FGM, QDEU

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