Since Brexit money is flowing away from London City - what was once considered the center of global banking and finance.
Following the election of Manuel Macron in France this became even more apparent when he said:"It's the British who lose the most as a result of BREXIT. The British are making a serious mistake over the long run."
Somewhere between one fifth and one third of London financial transactions involves clients in the EU and many banks including Citibank are now seeking new locations in the EU.
Read more: ‘Brexit’ Imperils London’s Claim as Banker to the Planet - The New York Times
Following the election of Manuel Macron in France this became even more apparent when he said:"It's the British who lose the most as a result of BREXIT. The British are making a serious mistake over the long run."
Somewhere between one fifth and one third of London financial transactions involves clients in the EU and many banks including Citibank are now seeking new locations in the EU.
Read more: ‘Brexit’ Imperils London’s Claim as Banker to the Planet - The New York Times
