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So no companies have announced they are moving. They are evaluating the situation, as any responsible corporation should. The UK banking system is not about t
by dr_ick 10y ago
So no companies have announced they are moving. They are evaluating the situation, as any responsible corporation should.
The UK banking system is not about to collapse.
- justin66 10y agoLondon will give up its position as "world financial capital," I would think. That always seemed a bit odd, and now that they're losing one of their main advantages...
- deleted 10y ago[deleted]
- ommunist 10y agoThey are gaining one! Swiss banking privacy rules down under EU pressure. The UK now have freedom to keep large money more private than Swiss can do from now.
- ori_b 10y agoSwitzerland is not part of the EU. Why do you think that the UK have more freedom in this case?
- ommunist 10y agoSwitzerland already bent its traditional legislation to comply with new EU ruling about banks secrets snd reporting. The UK banking just got its chance.
- riffraff 10y agoSwitzerland did that because the alternative was, concretely, losing the ability to keep foreign customers, so they chose the lesser evil. Why do you think it would be different for the UK?
- justin66 10y agoThat's exactly opposite of what the United States has been pushing for the last couple of decades in terms of banking secrecy, pretty successfully. The U.K. could alienate the US government right now, but I bet they won't.
- joeyspn 10y ago> The UK banking system is not about to collapse. Santander -20%. Lloyds -21%. Barclays -18%... etc Nothing to see here, everything is ok...