If Britain votes to leave the EU, international banks may relocate their operations from London to Frankfurt, with some banks considering moving a three-digit number of jobs from Britain. Frankfurt, despite being much smaller than London, boasts the location of the European Central Bank in the heart of Europe's largest economy. The British government has said it will not negotiate over its future relationship with Europe until after Britons have voted on June 23.
If Britain votes to leave the EU, international banks may relocate their operations from London to Frankfurt, with some banks considering moving a three-digit number of jobs from Britain. Frankfurt, despite being much smaller than London, boasts the location of the European Central Bank in the heart of Europe's largest economy. While the chief executive of Euronext has predicted that banking operations are most likely to move to Dublin, Paris or Amsterdam in the result of a Brexit, rival financial centres seem positioned to move to London as other businesses exit the country.