In the Square Mile, London's financial district ,things may be about to go pear - shaped.
Will Brexit make London less attractive?
London has long been one of the world’s financial hubs, but the easy access it has provided global banks to the rest of the European Union cemented its status. If Brexit sets up new barriers, London will become a far less attractive place to do business.
That scenario would cost banks and related companies in the U.K. almost £40 billion ($49 billion) in lost revenue and put 70,000 jobs at risk, according to consulting firm Oliver Wyman. Executives at Morgan Stanley, Citigroup, Deutsche Bank, JPMorgan Chase, and other banks have said they’ll have to move staff and operations out of the U.K. to service their EU clients if Britain is shut out of the 28-nation single market.
Will French bankers in London be sent home?
Esta historia es de la edición October 24, 2016 - January 6, 2017 de Bloomberg Businessweek.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 24, 2016 - January 6, 2017 de Bloomberg Businessweek.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers
