What the World’s Biggest Bank Bosses Say About Brexit Exodus
- Frankfurt, Dublin, New York are winners as U.S. banks retreat
- Banks planning for no access to EU market once U.K. exits
Goldman's Blankfein: New York Gaining After Brexit Vote
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Frankfurt and Dublin are emerging as the biggest winners at London’s expense as banks prepare for Brexit by planning new hubs in the European Union.
Standard Chartered Plc and Barclays Plc are considering choosing Ireland’s capital as their EU base for ensuring continued access to the bloc, according to people with knowledge of their contingency plans. Goldman Sachs Group Inc., Citigroup Inc. and Lloyds Banking Group Plc are eyeing Frankfurt, other people said.