Top German politician and banker back Frankfurt as post-Brexit hub


  • World
  • Thursday, 07 Sep 2017

German Finance Minister Wolfgang Schaeuble arrives to attend an European Union finance ministers meeting in Brussels, Belgium, July 11, 2017. REUTERS/Francois Lenoir/File Photo

FRANKFURT (Reuters) - A senior German politician and the country's top banker threw their weight on Wednesday behind making Frankfurt a post-Brexit banking hub in a rare show of public support for building up the city as a financial centre.

Wolfgang Schaeuble, Germany's finance minister and the most influential politician in government after Chancellor Angela Merkel, has shied away from backing Frankfurt since Britain's vote to leave the European Union, mindful of animosity towards the financial sector at home.

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