Citation McMillan D (2017) Why London still shouldn’t worry about losing business to Frankfurt, Paris, or any other EU city. The Conversation. 31.08.2017. https://theconversation.com/why-london-still-shouldnt-worry-about-losing-business-to-frankfurt-paris-or-any-other-eu-city-82944
Abstract First paragraph: Japanese banks Nomura and Daiwa recently indicated they are moving their EU base to Frankfurt and are applying for the appropriate regulatory licences. The announcements follow similar ones from Morgan Stanley and Goldman Sachs, among others. Mitsubishi, however, seems to prefer Amsterdam and – oh, the irony – so does the largely UK-government-owned RBS.