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Banks relocating their headquarters after Brexit
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Some banks have already started choosing alternative headquarters after UK has left the European Union, with Frankfurt emerging as the preferred destination. Frankfurt appears to have taken an early lead over other cities such as Paris and Dublin. Nomura, a Japanese bank, is one of the banks to move their headquarters to Frankfurt. It is the largest brokerage firm in Japan. This comes even after Prime Minister Theresa May lost her majority, which increased the chances of UK seeking a softer Brexit deal that would lead to a reduced impact on its financial services industry....

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Introduction of New Bank Fees in Germany
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The finance website biallo.de currently reported that many banks across Germany are now charging a certain fee upon each withdrawal. For instance, many branches of Sparkasse banks are now charging up to 0.50 Euro to their own customers on every withdrawal. The website further reported that 40 of the over 400 companies in the Sparkasse network are now charging the fee for withdrawal.

In Erding town, customers now withdraw money twice a month before they pay a withdrawal fee of 0.29 Euros, while the ATM users withdraw four times a month before the charges are imposed on them. The fee is...

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