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30-03-2017 3:33 PM
@celticthebhoys585 wrote:
Oh and now the mess starts eh!
N0 1- "Lloyds of Brussels" lmao
Lloyd's is moving it's new EU subsidiary, not it's entire operations. That would be expected servicing the EU market, it would be located in Brussels.
Same for Citi or HSBC, however neither has provided definite information as to location and are still considering options. It would also be operations geared towards servicing the EU market, however, not the entire footprint.
If somehow letting the EU strong arm any nation by having firms be tied to specific location makes sense - that's a very untenable business position for any country to be in.