Frankfurt-London Truce Died Along With Deutsche Boerse Deal
- Eurex adds KfW development bank for interest-rate swaps
- Frankfurt beat London in the Battle of the Bund in the 1990s
The offices of UBS Group AG, in Frankfurt, Germany, on Jan. 2.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The truce between Frankfurt and London has ended.
Deutsche Boerse AG’s takeover of London Stock Exchange Group Plc officially died last week, and with it an alliance at the heart of Europe’s biggest financial centers. As the German company plans for life without LSE, it’s back in competition with its former merger partner in over-the-counter clearing -- a key business that Brexit has made even more politically charged.