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 Citigroup aspires make investments in London, 15525

The Bank is hiring personnel even after Brexit:?

Wall Street bank Citigroup Inc will put together an creativity facility in London in one of the initial investments by a top U.S. bank since Brexit, the Financial Times said 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 contain the EMEA devision of Citi ventures and employees from across the company"s businesses, in a improvement for UK"s financial services sphere in advance of Brexit.

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European Commission officials turned down the City of London’s proposal to strike a post-Brexit free-trade deal on financial services, a crucial strike to Britain’s hope of keeping full access to EU markets for one of the world’s major two financial centers.

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Britain is presently host to the world’s largest number of banks commercial insurance firms. About 6 trillion euros ($7.35 trillion), or 37 percent, of Europe’s financial assets are administered in (London|the UK capital}, approximately double the amount of its nearest competitor, Paris.

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About 10,000 finance jobs will be moved out of Britain or created overseas in the next few years if it is denied access to Europe’s single market.

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