Brexit BOOM™: The City

[Flashman]

The City finally sees the light on Brexit

Surprise surprise, another lot of Remainers change their minds. hmm maybe we can make some money out of this..

[GB9]

Saved me having to post it.

[DimPrawn]

German banks have alternative means of generating revenue.

Deutsche Bank hit with £500m money laundering fines

[shaunbhoy]

The City finally sees the light on Brexit

Surprise surprise, another lot of Remainers change their minds. hmm maybe we can make some money out of this..

The penny does drop eventually.

Give it another 3-5 years and sasguru will be "on message".

But as for scooty and darmy, well let's just say that my hopes are not high.

[AtW]

HTH

[sasguru]

Yeah some lobby group trying to curry favour with the government

Pity there aren't really that many British firms in the City(just a handful of hedge funds employing very few, most bulk employer IBs are American) so what they say is just so much hot air.

BUt then what would you provincial morons know about the City?

[BlasterBates]

Don't know about London, but should be good for Frankfurt.

London Stock Exchange Deutsche Boerse deal will strengthen Frankfurt after Brexit - Business Insider Deutschland

Deutsche Börse has a good chance of winning significant long-term market share in the areas of interest rate and currency trading and relocating trading from London to Frankfurt if the market participants in London are given unrestricted access to superior trading platforms in Frankfurt," Schiereck writes in the paper, titled "Why the merger between Deutsche Börse and the London Stock Exchange will strengthen Frankfurt as a financial centre."

Schiereck's paper cites the example of Bund trading in the 1990s as reason to believe trading can move from London to Frankfurt. "The migration of Bund futures trading from London to Frankfurt in the 1990s can serve as an example here," he writes.

The paper is just the latest in a series of threats to the City's role at the heart of European financial markets. Almost all major banks are thought to be considering moving jobs away from London after the Brexit process formally begins

[vetran]

The penny does drop eventually.

Give it another 3-5 years and sasguru will be "on prozac".

But as for scooty and darmy, well let's just say that NLYUK needs more workers.

FTFY

[AtW]

Don't know about London, but should be good for Frankfurt.

They'll do just what Ryanair does - move to Frankfurt faster than May could say nein, but keep calling it London Stock Exchange.

HTH

[greenlake]

They'll do just what Ryanair does - move to Frankfurt faster than May could say nein, but keep calling it London Stock Exchange.

Hopefully, CUK won't be affected....