(Bloomberg) — Paris and Frankfurt have their work cut out if they’re going to seriously challenge the City of London, according to an analysis by think tank New Financial, which found five times more international financial activity in the U.K. than France or Germany.“This report shows you would have to move a huge amount of activity from the U.K. before France, Germany or any other EU financial center is significantly closing that gap,” William Wright, New Financial’s managing director, said i
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