Bridget's great loss to Britain

One of the largest US banks in the United Kingdom is now transferring hundreds of billions of dollars in assets to Germany. The move by JPMorgan Chase & Co. is being hailed as the "first major loss" to Britain caused by Bridget.

According to a report by US broadcaster Bloomberg, JPMorgan Chase & Co. is a US bank that was formed in the past by the merger of JPMorgan and ChaseMatton Bank.

Following the UK's expulsion from the European Union or Bridget, the bank has now begun relocating its assets from the British capital, London, to Frankfurt, the financial center of Germany. Being able to avoid the practical disadvantages of doing business in Europe while living abroad, as well as reaping the benefits of doing business while living in Europe and the EU's largest economy. According to Bloomberg TV, JPMorgan Chase & Co. About 200 billion euros (23 230 billion) in assets are now being transferred to one of its subsidiaries in Frankfurt, and the "giant" process will be completed by the end of this year. JPMorgan Chase will become one of the largest banks in Germany once the transfer of these assets is completed.