Germany softens firing rules to lure banks post-Brexit

Berlin: The German government agreed Wednesday a draft law that would loosen restrictions on firing top-paid bankers, one of a string of measures designed to ease the financial sector through Brexit. “The law on protection from firing for so-called risk-takers at major banks will be loosened,” Chancellor Angela Merkel’s spokesman Steffen Seibert told reporters in Berlin, adding the move would “strengthen Germany as a site for the financial sector”. (AFP)