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Citigroup to pick Frankfurt as EU base this week - sources


By Alexander Hübner and Anjuli DaviesFRANKFURT/LONDON (Reuters) - U.S. bank Citigroup Inc is set to become the latest Wall Street bank to pick Frankfurt as its European Union base this week in preparation for when Britain leaves the European Union, two sources told Reuters on Monday.Citi had earlier said it would choose Frankfurt to become its hub for sales and trading in the EU and move "a couple of hundred" jobs outside of London after Brexit. Citi's European base move was reported on Monday by Sky News.British finance minister Philip Hammond said this month that the country should push ...

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First Published: Tue, July 18 2017. 00:14 IST