FRANKFURT, Oct 21 (Reuters) - A steady increase in banking
jobs in the German financial capital of Frankfurt has likely
come to an end because of the coronavirus pandemic, according to
a study by German lender Helaba on Wednesday.
Financial jobs in the city have generally been on the rise
since 2014 amid greater demand for staff overseeing compliance
and regulation at banks, and as Britain's withdrawal from the
European Union lured jobs from London.
Helaba had expected this upward trend to continue through
the end of 2021, but now, as a result of the pandemic, Helaba
economists expect the city's bank jobs will now begin to
Helaba expects that by the end of 2022 Frankfurt will have
around 62,700 bank employees, down around 2,000 people, or 3%,
from the crisis' outbreak earlier this year.
Frankfurt is home to Deutsche Bank, Commerzbank
, the European Central Bank, as well as the European
headquarters for scores of non-German banks.
Frankfurt has been dubbed Bankfurt or Mainhattan, after the
river Main that the city straddles.
(Reporting by Hans Seidenstuecker and Tom Sims
Editing by Edward Taylor)