Morgan Stanley is moving staff to Frankfurt in time for the March 2019 Brexit deadline.
The US bank, which already has 350 employees based in the city, will transfer some trading activities currently undertaken in London and create a further 150 to 250 jobs according to reports.
Over the last year, British politics has had a recognisable theme; unexpected ballots with unintended consequences - particularly for financial markets.
Frankfurt has announced proposed changes to employment laws to allow banks to hire and fire more easily.
The UK capital remains a magnet for tech investors and will also remain a major global centre for insurance.
A study of professionals across the UK financial services sector finds that many are confused on how compliance with the legislation will be affected by withdrawal from the European Union.
Small businesses are particularly concerned about the potential impact on their revenue and growth.
The Bank of England calls for UK banks to put aside an extra £11.4bn to deal with any future economic slowdown in its latest financial stability report
Uncertainty surrounding the UK’s exit terms from the EU is preventing businesses from being able to accurately hedge foreign-exchange risks.
As the first anniversary approaches of the UK’s decision to leave the European Union, Thomson Reuters has assessed the impact over the past year on investment banking.