What bankers in London really think of Brexit

by Dramelin 2:30 AM 0 comments

Day one of negations between the U.
and the European Union ended with Brussels getting its way on the timetable for Britain`s exit from the economic bloc, leaving no illusions that London was not in control of its own destiny.
The biggest threat to Britain`s economy comes from efforts to diminish London`s dominance in financial services.
Continental leaders, politicians, and regulators are determined to end the City of London`s right to trade financial products across the EU and move thousands of jobs to the continent.
EU citizens represent 35 percent of those working in mergers and acquisitions and investment banking in the City of London, according to efinancial careers.
Some big banks, including Goldman Sachs, have announced plans to move some of their staff to European cities.
CNBC interviewed 10 people working in the finance industry, from junior investment bankers to senior analysts to find out what`s really on their minds about Brexit and how it will impact their lives and the wider City of London.
To ensure the respondents would answer truly and freely, the interviews were done on the basis of anonymity.