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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