Lionel Laurent, Columnist

Frankfurt's Mixed Brexit Blessing

What's good for Germany isn't always good for Europe.

July 24, 2017 at 6:00 AM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

1500566421_GettyImages-672242112 — Photographer: AMELIE QUERFURTH/AFP/Getty Images

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Frankfurt appears to be winning the race to woo the City of London's investment bankers and traders. Citigroup Inc., Morgan Stanley and Deutsche Bank AG are all set to move hundreds of jobs there as they brace for Brexit.

Still, if this is what victory looks like for euro-zone financial centers, it's a hollow one.