Like Goldman Sachs, Citi, Morgan Stanley, Nomura and others, J.P. Morgan is expected to shift some trading staff to Frankfurt in preparation for life after Brexit. In November, it rented office space to house up to 200 staff in the new TanusTurm skyscraper there. To accompany this expansion, J.P.M has quietly designed a website proclaiming Frankfurt’s charms. Key among them is sausage....MORE
J.P. Morgan isn’t new to Frankfurt. The bank has been in Germany for over 650 years [?] and already employs over 450 people there. The bank’s existing Frankfurt operations appear, however, restricted to investment banking and asset management staff. If J.P.M wants to attract new trading talent to Frankfurt it may need to raise its game.
This could be a challenge. As Goldman Sachs CEO Lloyd Blankfein noted in November, senior American bankers in particular have an aversion to Frankfurt. For this reason, Blankfein said Goldman is opening new European offices in Frankfurt and Paris.
J.P. Morgan’s site pitches Frankfurt as an attractive and cosmopolitan place to be. It notes that the city is well-connected (‘You can fly to over 260 destinations in over 110 countries from Frankfurt airport”) and is host to book and auto fairs. It relies heavily, however, on photographic evidence of Frankfurt’s charms: under “lifestyle,” there’s nothing but a photograph of Frankfurt’s old town; under “famous for,” there’s a photo of the financial district; and under “food and drink,” there’s a photo of several sausages....
Last month The Real Deal had a piece on Frankfurt residential real estate that included this sentence:
The German city’s Westend neighborhood is hoping to become the next Mayfair...That's a tough sell
Our Brexit bet was looking in the other direction:
2014
Dublin Property Prices Up 24% Year-on-year
2015
"Ireland to 'decriminalise' small amounts of drugs, including heroin, cocaine and cannabis, for personal use"
2016
"Thousands Of British Refugees Making Dangerous Journey Across The Irish Sea"
Via Euronews
M&G eyes moving more funds to Dublin after Brexit vote
LONDON (Reuters) – British asset manager M&G Investments, the fund arm of insurer Prudential, is looking at relocating more of its operations to Dublin in the wake of a British vote to leave the European Union....MOREAnd from The Waterford Whispers News, on the spot reportage:
THE IRISH coast guard has today issued a nationwide warning for the East Coast as hundreds of thousands of British refugees risk their lives to cross the Irish sea in an attempt to flee the impoverished and unstable nation.2017
Dinghies overflowing with desperate migrants are so far half way through their journey, many with women and children aboard, wishing to make a new start on the Emerald Isle.
“We have rescued hundreds of people from crafts due to overcrowding,” winchman Derek Ryan of Rescue 117 told WWN today. “It’s a terrible situation as many of these people are only hoping for a better quality of life in the EU”.
Taoiseach Enda Kenny has called an emergency meeting in the Dáil this afternoon to help find a solution to the influx of British refugees.
It is expected many of those landing on the Irish coast will have to be quarantined, as they are not a part of the European Union....MORE
You Can Either Buy A Round of Guinness For Four Million Of Your Pals Or You Can Buy A Guinness 'Castle' and 5000 Acres
So there I was, looking at properties accessible to Dublin, what with the Brexit and all I thought there might be a bet in there somewhere, when this pops up.
It's not a real castle despite the crenelated battlements. More of a mini-castle, but cute.
As the old joke goes:
What's the richest country in the world?
Ireland, the capital's been Dublin for years.
