Börse plots HQ move to cut taxes

Deutsche Börse is to shift its headquarters out of Frankfurt to a suburb of the German city in a move aimed at cutting its tax burden and improving its ability to compete with international rivals.

The German exchange group said in a statement this morning it will move roughly 1,000 of its 3,000 global staff from Frankfurt to the neighbouring town of Eschborn in the second quarter of the year.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink