In the financial sector, Brexit has its consequences – within a few days, the third Japanese bank is withdrawing its assets from the country and relocating to Germany, namely to Frankfurt am Main.

Thus, Germany is the most preferable option for the financial sector. The third-largest Japanese bank Sumitomo Mitsui chose Frankfurt as its future home base. The bank will establish a branch in Frankfurt in order to be able to offer all services in the European Union after the United Kingdom leaves the EU.

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