Title: Citigroup is planning invest in London, 3433
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Blog Entry:  Citigroup hopes make investments in London, 1234 1 The Bank is Recruiting workers in spite of Brexit:  Wall Street bank Citigroup Inc will set up an innovation hub in London in one of the initial investments by a chief U.S. bank since Brexit, the Financial Times announced on Sunday. The bank will initially hire 60 technologists for the center, James Cowles, chief executive Officer for Europe, the Middle East and Africa.   The center in London will also contain the EMEA devision of Citi ventures and employees from across the company's businesses, in a boost for UK's financial services sphere in advance of Brexit.   European Commission officials refused the City of London’s proposal to strike a post-Brexit free-trade deal on financial services, a critical blow to Britain’s expectations of keeping absolute access to EU markets for one of the world’s major two financial centers.   Britain is presently host to the world’s largest number of banks commercial insurance firms. Approximately 6 trillion euros ($7.35 trillion), or 37 percent, of Europe’s financial assets are handled in (London|the UK capital}, practically twice the amount of its nearest rival, Paris.   About 10,000 finance jobs will be moved out of Britain or created overseas in the next few years if it is denied access to Europe’s single market. Related Articles: Code 883431742686     ."