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Author Topic: Citigroup is going|is planning|intends| aims|aspires|hopes|expects|wantswishes|  (Read 315 times)
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« on: February 12, 2018, 12:14:44 AM »

 Citigroup aims make investments in London,
The Bank is Recruiting personnel in spite of Brexit: 
Wall Street bank Citigroup Inc will arrange an development center in London in one of the first investments by a big U.S. bank since Brexit, the Financial Times reported on Sunday.
The bank will initially hire 60 technologists for the center, James Cowles, chief executive Officer for Europe, the Middle East and Africa.
The center in London will also house the EMEA unit of Citi ventures and employees from across the company's businesses, in a improvement for UK's financial services marketplace before of Brexit.
European Commission officials denied the City of London’s proposal to strike a post-Brexit free-trade deal on financial services, a critical blow to Britain’s desires of keeping full access to EU markets for one of the world’s major two financial centers.
Britain is currently habitat to the world’s highest number of banks commercial insurance firms. Approximately 6 trillion euros ($7.35 trillion), or 37 percent, of Europe’s financial assets are managed in (London|the UK capital}, virtually twofold the amount of its closest equivalent, Paris.
About 10,000 finance jobs will be shifted out of Britain or created overseas in the following few years if it is declined access to Europe’s single market.
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