Brexit continues to hurt London’s finance industry

Source: Business Insurance

September 27, 2019 Brexit continues taking a toll on London’s finance industry and putting firms on the verge of moving thousands of jobs and possibly $1.24 trillion of assets out of the European financial hub, South China Morning Post reported citing Bloomberg. Catherine McGuinness, chairwoman of the policy and resources committee at the City of London Corp., said that the city could lose some European Union-facing business.