London retains global finance throne amid Brexit chaos

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From the pinnacle of the City of London's largest skyscraper, Stuart Lipton...

), to seek details on how a ‘no deal Brexit’ might accelerate the transfer of resources and activities from London.Earlier this year, Morgan Stanley’s chief executive, James Gorman, said that he scarcely worried about Brexit.British data shows the total number of people employed in the City between 2016 and 2018 overall rose by 31,000, though the total number of people employed specifically in banking and insurance is down 3,000 over the period.

Oliver Wyman said they stand by their predictions because it is important to distinguish between job losses on the first day of Brexit and over the longer term. The final number will depend upon the level of market access, which is not clear yet.Financial capitals such as London have remarkable longevity and their rise and fall typically happens at a glacial pace, said Youssef Cassis, a professor of economic history who specialises in financial centres.

London-based CBOE Europe, the EU’s largest share trading venue, began trading euro shares at its new Amsterdam hub at the start of October.

 

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London with all its varieties ..

Goldman Sachs 1 million square foot building was ordered before Brexit, and they don't have the choice to scrap it.

'euro-denominated derivatives' will move to the EU within one year in case of no-deal (even in case of deal). This will be a legal requirement.

London is London only thanks to the Europeans making it a great place. Brexit has not happened yet. Once implemented, less EU citizens will come and London won’t retain as many talents as now for long. That’s the biggest risk!

No EU capital can come close to our London. Remember London is arguably the capital of the world.

London rocks

But for how long?

It won't remain at the top if hard Br exit happens

Soon to be dethroned

Since the decision to leave the EU, London has leapfrogged the US? Mmm...If that's what gives it its advantage, what will happen after the leave has settled? I don't think London can sustain an advantage on it own. The U.S. and England are tied together in the financial markets.

Nice. Full steam ahead then. 🚢

Will soon be dislodged from throne of everything.

Abilerim ablalarım teşekkürler ❤️ diktiğiniz için güzel bir yapı

They have the throne. Just no one to sit on it.

And it will be even stronger after they leave.

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