Not surprising but they will keep on trading there. The German economy will be hit the hardest. Serves them right for trying to control the Euro market.
Brexit would cause big problems for German banks: German financial watchdog
A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. If not, "the biggest banks would have the biggest problems," the newspaper quoted Hufeld as saying. "They have the most activities in, and with, London," he said. Hufeld said the European Central Bank planned to closely monitor the situation and the ... (full story)