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Banks in London to relocate if a Brexit

London banks may relocate should it be a Brexit

Banks in London may be forced to relocate jobs to Paris or Frankfurt should it be the case of a Brexit on Thursday's referendum, the commissioner of the EU's financial services said.

A Brexit could have consequences on banks

Jonathan Hill emphasized on the consequences that a Brexit could have on the British nation, following a visit in London and other financial centers in Britain.

China plans to boost private investment

China's cabinet said today that, the nation will likely to open up the sectors of gas exploration, oil, airports, and telecommunications to private firms in an attempt to stop the record slide in growth.

The cabinet highlighted further that it would implement measures for tackling the unfair competition, improve market access and financing ability, and in general support the private investment.

The investment by private firms slowed for January through April from 5.2% to 3.9%, counting approximately 60% of China's overall investment.

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Wednesday, 22 Jun, 2016 / 12:31

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/banks-in-london-to-relocate-if-a-brexit

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