Should Banks Brace for Worst Case Brexit Scenario?
Few places in greater London encapsulate the challenges posed by Britain’s vote to exit the European Union quite like the Canary Wharf financial district, home to JPMorgan Chase & Co., Citigroup Inc. and HSBC Holdings Plc. The future of the City -- and of Canary Wharf, its smaller brother -- has been thrown into doubt. Already, commercial property prices are falling across London, as banks, corporations and ordinary people try to assess the business and economic fallout. For many, Canary Wharf has become the ultimate Brexit bellwether. PricewaterhouseCoopers Financial Services Brexit Team Lead Andrew Gray discuss with "On the Move" host Guy Johnson.