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Banks looking to Europe seem to be hedging their bets |
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#1 |
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Forum Member
Join Date: Nov 2005
Posts: 2,422
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Banks looking to Europe seem to be hedging their bets
http://www.bbc.co.uk/news/business-38245646
Maybe it's all just too uncertain. Could it be that the government can't give the financial institutions the same assurances they gave to industrial companies? |
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#2 |
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Join Date: Apr 2014
Posts: 10,592
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There has been major planning going on all Autumn by the big financial organisations. Not just banks. Carney has been doing his best to get them to not be too hasty according to Bloomberg. Come the new year if government is still talking about not being in single market they will press the trigger to move. Germany saying yesterday that they believe that Frankfurt will get majority of business that moves.
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#3 |
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Join Date: Oct 2013
Posts: 9,312
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It's expensive and disruptive to move so the banks are hoping they won't have to, but it would be foolish not to plan for it. It's what anyone sensible person would do.
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#4 |
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Join Date: Apr 2009
Location: London
Posts: 2,533
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It's highly unlikely that a bank will completely move out of London. They are probably just investigating establishing some satellite offices.
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#5 |
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Join Date: May 2006
Posts: 19,171
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Quote:
There has been major planning going on all Autumn by the big financial organisations. Not just banks. Carney has been doing his best to get them to not be too hasty according to Bloomberg. Come the new year if government is still talking about not being in single market they will press the trigger to move. Germany saying yesterday that they believe that Frankfurt will get majority of business that moves.
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#6 |
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Forum Member
Join Date: Mar 2007
Location: Hampshire
Posts: 20,806
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Quote:
It's highly unlikely that a bank will completely move out of London. They are probably just investigating establishing some satellite offices.
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#7 |
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Forum Member
Join Date: Sep 2009
Posts: 2,227
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Quote:
http://www.bbc.co.uk/news/business-38245646
Maybe it's all just too uncertain. Could it be that the government can't give the financial institutions the same assurances they gave to industrial companies? |
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#8 |
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Forum Member
Join Date: Apr 2009
Location: London
Posts: 2,533
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Quote:
They just need an office with a boiler plate and a fast internet connection.
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