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The Goldman office is not fully staffed any more, and many bankers are leaving for Europe. The euro market has gone already, and others aren’t far behind. http

by alblue 6y ago

The Goldman office is not fully staffed any more, and many bankers are leaving for Europe. The euro market has gone already, and others aren’t far behind. https://www.bloomberg.com/news/articles/2021-01-15/brexit-is-driving-top-dealmakers-out-of-london-and-into-the-eu https://www.bloomberg.com/news/articles/2021-01-15/brexit-is... https://www.bloomberg.com/news/articles/2021-01-18/london-finance-vacancies-fell-49-in-2020-on-brexit-covid-angst https://www.bloomberg.com/news/articles/2021-01-18/london-fi... The other aspect you’ve failed to notice is that many companies are eschewing offices now. They’ve proven they can work without them; Docker, for example, is now going fully remote. To be honest, the above comment is exactly why Brexit happened: a refusal to see the bleeding obvious while chest-thumping and saying “we are the greatest”. It’s why trade is basically avoiding the UK and new sea routes have opened up between Ireland And Europe — because the UK has made trade inefficient. No amount of chest thumping is going to change that dynamic, and England will be poorer because of it. Reality doesn’t care about Brexit ideology.

0xy 6y ago
Multiple finance firms are on record as doubling down on London, including all of the largest names. Your sources are all conjecture. >“I would expect that 3,000 to 4,000 more investment bankers, especially industry-focused specialists and debt and equity issuance advisers, will have to leave London and come back to Europe,” said Andreas Halin, founder of Global Mind Executive Search Consultants GmbH Oh, so it's analyst conjecture and not an actual source. Goldman Sachs themselves have committed to the city -- with a billion dollars in office space alone. >London Finance Job Openings Fell 49% in 2020 on Brexit, Covid Huge leap to blame this on Brexit given the virus conditions. In actual reality, looking at real headcount numbers from the Financial Times, almost nothing has happened (some firms have expanded). [1] [1] https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2F9387c330-3bf0-11eb-9da7-63b2d8c8b1e7-standard.png?dpr=1&fit=scale-down&quality=highest&source=next&width=700 https://www.ft.com/__origami/service/image/v2/images/raw/htt...

by alblue 6y ago

0xy 6y ago

Multiple finance firms are on record as doubling down on London, including all of the largest names. Your sources are all conjecture. >“I would expect that 3,000 to 4,000 more investment bankers, especially industry-focused specialists and debt and equity issuance advisers, will have to leave London and come back to Europe,” said Andreas Halin, founder of Global Mind Executive Search Consultants GmbH Oh, so it's analyst conjecture and not an actual source. Goldman Sachs themselves have committed to the city -- with a billion dollars in office space alone. >London Finance Job Openings Fell 49% in 2020 on Brexit, Covid Huge leap to blame this on Brexit given the virus conditions. In actual reality, looking at real headcount numbers from the Financial Times, almost nothing has happened (some firms have expanded). [1] [1] https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2F9387c330-3bf0-11eb-9da7-63b2d8c8b1e7-standard.png?dpr=1&fit=scale-down&quality=highest&source=next&width=700 https://www.ft.com/__origami/service/image/v2/images/raw/htt...