The Rich of the World – RICHMUNDI – have their eyes on the Dragon of Lloyd’s of London, that appears to have been founded by my Rougemont ancestors. I consider myself a member of OCCUPY. I approach the bastille of Banker Mundi on a white steed. In my hand is a leather whip I have fashioned. How is it fashioned? http://www.local10.com/news/london-banks-will-pay-the-price-of-brexit
Many global banks use Britain as a springboard for their business throughout the EU. Banks that set up business in one EU country can automatically operate across the entire bloc, without having to apply for additional permits.
Leaving the union may disrupt this link, with some high-profile EU officials already calling the so-called “passporting rights” of U.K. banks into question.
There’s another problem: Much of the global trade in euros takes place in London, despite the U.K. opting out of the currency used by 19 members of the EU. The city handles transactions worth trillions of euros — currencies, shares, bonds and other financial contracts.
http://www.local10.com/news/london-banks-will-pay-the-price-of-brexit
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