US investment bank Morgan Stanley is latest to choose city as it vies to become EU’s principle financial centre and win back jobs lost in banking crisis

Several hundred banks and companies have contacted German authorities about expanding in Frankfurt, as the city vies to become the EU’s principle financial centre after Brexit.

Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with several banks about expanding their presence in Frankfurt or the Rhine-Main area.

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