Bloomberg Businessweek

Frankfurt Is Lukewarm On Brexit

Some in the sleepy city are wary of the cash and glitz an influx of bankers might bring

In the scramble to lure financial work from London in the wake of Brexit, Frankfurt is leading the pack—at least nine banks have said they’ll move positions there. That could ultimately mean 10,000 new jobs and well over $100 million annually in additional tax revenue, auguring an economic and cultural rebirth for Germany’s financial capital. Micha Hintz hates the idea.

“Brexit will be very bad for people with a normal income,” says Hintz, an owner of the 37-year-old Karl Marx bookshop, echoing local activists seeking to

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