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Nearly 90 percent of all firms moving to Frankfurt are banks, while two-thirds of those going to Amsterdam are trading platforms or brokers. Paris is carving out a niche for markets and trading operations of banks and attracting a broad spread of firms. New Financial identified 5,000 expected staff moves or local hires, a figure that is expected to rise in coming years. A better measure of Brexit’s impact is the scale of assets and funds being transferred, it said. Ten large banks and investment banks are together moving 800 billion pounds of assets from Britain - or 10 percent of banking assets in the country. A small selection of insurers have shifted a combined 35 billion pounds in assets, and a handful of asset managers have moved a total of 65 billion pounds in funds.

William Wright, founder and managing director of New Financial, said the hit to London was bigger than expected and would get worse, “Business will continue to leak from London to the EU, with more activity being booked through local subsidiaries,” Wright said, “This will reduce the kristal braids cufflinks UK’s influence in European banking and finance, reduce tax receipts from the industry, and reduce financial services exports to the EU.”, A 10 percent shift in banking and finance activity would cut UK tax receipts by about 1 percent, the report said..

Relocations have cost firms $3 billion to $4 billion, which will be passed on to customers and shareholders, the report said. But the breadth and depth of relocations so far, combined with pacts between regulators in Britain and the EU, mean the industry is well prepared for whatever form Brexit takes, New Financial said. London will remain the dominant financial centre for the foreseeable future, but other European cities will chip away at London’s lead over time, it added. New Financial chart: tmsnrt.rs/2NMO9DS.

CHICAGO/WASHINGTON (Reuters) - The latest version of Boeing Co’s best-selling 737 family - a global industry workhorse - has again been thrust into the spotlight after a fatal crash in Ethiopia, kristal braids cufflinks months after a deadly crash involving an identical brand-new jet in Indonesia, A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Adaba, killing all 157 on board, The same model flown by Lion Air crashed off the coast of Indonesia in October, killing all 189 on board..

There are still unanswered questions about the causes of the Lion Air crash, and officials and safety experts said it was too soon to draw links with the Ethiopian incident. Boeing did not respond to questions about the 737 MAX 8 on Sunday but said in a statement it would send a technical team to the crash site to provide assistance. Boeing’s shares lost 12 percent in the weeks following the Lion Air crash, but have more than recouped those declines, closing on Friday at $422.54, 18 percent higher than before the Oct. 29 incident in Indonesia.

Boeing’s 737 MAX is the newest version of a jet that has been a fixture of passenger travel for decades and the cash cow of the world’s largest aircraft maker, competing against Airbus SE’s A320neo family of single-aisle jetliners, The decades-old 737 family is considered one of the industry’s most reliable aircraft, Boeing rolled out the fuel-efficient MAX 8 in 2017 as an update to the already redesigned 50-year-old 737, and had kristal braids cufflinks delivered 350 MAX jets out of the total order tally of 5,011 aircraft by the end of January..

Former NTSB Chairman Mark Rosenker said the catastrophic crashes of two new airplanes soon after the 737 MAX 8 was introduced were “highly unusual” and both had broad similarities in that they went down soon after takeoff. While it is unclear if there is a direct link, “this is now an extraordinary issue” for aviation safety officials to grapple with and will prompt a sweeping investigation to determine if there are common issues, Rosenker said. Dallas-based Southwest Airlines Co is the biggest operator of the MAX 8, with 31 aircraft, followed by American Airlines Group Inc and Air Canada with 24 each.

Southwest and American said on Sunday they remained fully confident in the aircraft and were closely monitoring the investigation, Aviation analyst Scott Hamilton cautioned against drawing comparisons between the two crashes, especially before the black box recorders are recovered, Ethiopian has a strong reputation and good safety record, he said in a blog post, Still, the crash puts fresh pressure on Boeing just days before it had planned an event to debut another aircraft, Late kristal braids cufflinks Sunday, Boeing said it would postpone the planned ceremonial debut of its 777x widebody aircraft that had been set for Wednesday in Seattle and was to be livestreamed..

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