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There are reasons why European banks aren’t exactly lining up. One of which (from [1]) "The ease with which suspect foreign money can enter the economy has beco
by Pick-A-Hill2019 6y ago
There are reasons why European banks aren’t exactly lining up. One of which (from [1]) "The ease with which suspect foreign money can enter the economy has become an essential aspect of London’s success."
Good luck to any institution/nation that would want to replace London as a financial hub. There is a lot of dirty money floating round. Any bank that decided to take on a new customer would need to do all the financial background checks which makes it so much harder to turn a blind eye with a wink. The situation in London markets is very much like the scene from Casablanca where Captain Renault announced “I’m shocked, shocked to find that gambling is going on in here!”
[1] https://abcnews.go.com/International/londongrad-real-life-fight-dirty-money-flowing-london/story?id=60334856 https://abcnews.go.com/International/londongrad-real-life-fi...