Commission, 2017 COM(2017) 713 finalPublicado el 2 February 2018
By KARL RUSSELL. NYT. MAY 11, 2017Publicado el 13 December 2017
By PETER S. GOODMANMAY NYT 11, 2017Publicado el 13 December 2017
From a skyscraper in Canary Wharf, the once-bustling cluster of docks transformed into a global banking center, traders at Citigroup’s regional headquarters move unfathomable sums of money around the planet. They are exploiting London’s unrivaled connections to the intricate plumbing of the international financial system.
Now the flow of money is in doubt, imperiling London’s fortunes.
Many of the transactions Citigroup oversees here are dependent on Britain’s inclusion in the European Union. Italian banks tap London’s vast pools of money to strengthen tattered balance sheets. German manufacturers borrow funds for expansion. Swiss money managers ply their fortunes. Citigroup and other global banks manage much of this activity, executing trades, and ensuring that money lands where it is supposed to, leaning heavily on their London operations.