LONDON - While Britain debates the merits of a second Brexit referendum, London’s financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere.
A Reuters survey of leadership attitudes at 17 British and global banks found just six of the 11 institutions who responded to the survey backed the idea of a People’s Vote to break a parliamentary impasse on a proposed exit deal. To prepare for Brexit, Banks have transferred billions of pounds in client assets to new European Union legal entities and shifted around 2,000 roles away from London to new hubs in cities including Dublin, Paris, Frankfurt and Madrid.
A second senior banking source said he believed the chances of a second referendum were on the rise but he doubted it would garner anything like the same backing in finance industry circles as the first Remain campaign. Lloyds Banking Group, Britain’s leading mortgage lender, also lent 20,000 pounds to the Remain campaign at a 1 percent interest rate.Several key bankers including ex-Barclays chairman John McFarlane and Standard Chartered Chief Executive Bill Winters were among 1,280 business leaders who expressed support for the Remain campaign in a letter published a day before Britons went to the polls on June 23, 2016.
Hey over here!!! History is being made. A woman sits suffering wondering what kind of conspiracy she is in trying not to kill herself while you talk about the same shit over and over.
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