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Japan banks continue post-Brexit departure from London

Sumitomo Mitsui Financial Group is the latest to indicate plans to set up operations in Frankfurt

Mr Dimon says as many as 3,000 to 4,000 staff from JPMorgan Chase's London office could be transferred to the continent.


IN a further ominous sign for the post-Brexit future of the City of London, Sumitomo Mitsui Financial Group (SMFG), one of Japan's three "megabanks", intends to establish its new European head office in Frankfurt, the Nikkei business daily reported over the weekend.


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