, Columnist
Now Banks Look Like They’re Worried About Brexit
Lenders have moved business out of London for two quarters in a row.
We’re outta here.
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The exodus from London is getting real.
Ever since the U.K. voted to leave the European Union in June 2016, people have been watching for signs of how the prospect might affect London’s role as a global financial center. It stood to reason that it should: Assuming the breakup meant that the U.K. units of global banks would lose their passports to sell services throughout the EU, they would have to move staff and assets onto the continent -- to Paris, to Frankfurt, to Dublin.