Fleeing a Sinking Ship: New York Becomes World’s Financial Centre Due to Brexit
The exodus is also seeing homegrown firms leave — Barclays is shifting US$216 billion of assets to its Irish division, and set to become Ireland’s biggest bank in the process. More than 100 UK-based asset managers and funds have also applied to the Irish central bank for authorization in Ireland. London is losing its status as the world’s most important financial centre to New...