After the fracture: how Britain’s financial industry recovered from Brexit
JPMorgan will build a new Canary Wharf tower for up to 12,000 workers as banks report record profits and City employment nears an all-time high.
5 Articles
5 Articles
When the United Kingdom left the European Union, following the referendum of 23 June 2016, London's financial centre had to divest some of its activities oriented towards the European market. But it rebounded, recording since strong growth in insurance and fintech.
How Britain's financial industry recovered from Brexit
In the buildup to 2016's Brexit referendum, JPMorgan CEO Jamie Dimon said the US bank could shift 4,000 jobs from Britain, joining a chorus of executives who warned a vote to leave the European Union would ravage the country's finance industry.
The Japan Times
Business TimesAfter the fracture: how Britain’s financial industry recovered from Brexit
Signs the British financial industry has weathered Brexit better expected: Employment in London's financial district is near an all-time high and banks are posting record profits.
Prior to the 2016 referendum on the UK's exit from the European Union, JPMorgan's Director General, Jamie Dimon, warned that the bank could move up to 4,000 jobs in the UK if the British voted for Brexit.
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