SMFG follows Nomura with Frankfurt plans

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SMFG follows Nomura with Frankfurt plans

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Aerial view of Frankfurt with Hauptwachen, Germany in a summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

Nearly a week after a similar announcement from Nomura, Sumitomo Mitsui Financial Group (SMFG) has confirmed that it is preparing to set up a new German subsidiary in response to the UK’s decision to leave the European Union.

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