Could London's Financial Power Be Duplicated in the EU?
Following Britain's vote to leave the EU, the City of London faces challenges including risks said by banks to move staff and operations out of the U.K. to service their EU clients -- if access to the single market is curtailed. Withdrawing from the single market -- a "hard Brexit," as it’s being called -- may cost banks and associated businesses in the U.K. as much as 40 billion pounds in lost revenue, and put 70,000 jobs at risk, according to consultant Oliver Wyman & Co. Former Lloyds of London Chairman Peter Levene discusses with Francine Lacqua on "Bloomberg Surveillance."
Most Recent Videos
Full Show: What'd You Miss? (09/22)
42:31 - Guests include: Global X Funds VP Jay Jacobs, Janus Henderson Portfolio Manager George Maris, Eurasia Group's Charles Lichfield, Albright Stonebridge's Antonio Ortiz-Mena, Nigeria Trade and Investment Minister Okechukwu Enelamah and Panama Financial Minister Dulcidio de la Guardia. (Source: Bloomberg)