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JPMorgan is moving $234 bn of assets from the UK to Germany as a result of Brexit

2 mins read

The FINANCIAL — JP Morgan Chase & Co is reportedly set to move $234bn (£184bn) assets from the United Kingdom to Germany as a result of Britain’s exit from the European Union. While the type of assets being moved was not specified, similar transferals usually include cash and financial securities like stocks and bonds. The US banking giant plans to finish the migration of the assets to a Frankfurt-based subsidiary by the end of this year. Also, JPMorgan is set to pay nearly $1 billion to settle with US authorities investigating whether the bank manipulated the metals and Treasury markets.  The…

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JPMorgan is moving $234 bn of assets from the UK to Germany as a result of Brexit

2 mins read

The FINANCIAL — JP Morgan Chase & Co is reportedly set to move $234bn (£184bn) assets from the United Kingdom to Germany as a result of Britain’s exit from the European Union. While the type of assets being moved was not specified, similar transferals usually include cash and financial securities like stocks and bonds. The…