Wouldn’t banking just relocate? I assume the Swiss were working mostly in Pounds Sterling 100 years ago. Presumably they’ll be mostly in Euros and Chinese Yuan

Wouldn’t banking just relocate? I assume the Swiss were working mostly in Pounds Sterling 100 years ago. Presumably they’ll be mostly in Euros and Chinese Yuan in 50. US is chunky but highly replaceable. It’s not like our banking sector is particularly sophisticated.