Bank of America’s Vanessa Holtz on the bank's office rooftop in Paris.
Photographer: Benjamin Girette/Bloomberg
Finance
Banks Betting on Paris Say There Really Is Life After London
Protests have shaken the city, but its new financial growth has momentum
For decades London was the main nexus of European finance, melding continental money with transatlantic ideas of what to do with it. But two years after Brexit became a reality, there’s been a clear shift across the Channel.
The spoils are being shared by European Union cities, creating a more fragmented landscape. It’s one where banking of various stripes gets done in Paris, shares trade in the Netherlands, and corporate lawyers and accountants pore over the details in Frankfurt. Dublin, Milan, Madrid and Warsaw are playing important supporting roles.