Switzerland to benefit from the end of London?

Phil_MCR · #1 04.11.2011, 11:15

I can't imagine that this will go ahead but who knows...

http://www.cobdencentre.org/2011/11/...bden+Centre%29

Bexie · #2 04.11.2011, 13:16

	Quote:	Phil_MCR
	I can't imagine that this will go ahead but who knows... http://www.cobdencentre.org/2011/11/...bden+Centre%29

Even in the 60's when Geneva pulled a stunt like this, the finance industry cleared out in 6 months. If this is forced on London, all the prime brokerage, insurance and market making will debunk to Singapore, Malaysia and Zurich. Tumbleweeds in Canary Wharf I am afraid

dino · #3 04.11.2011, 13:33

wouldn't you rather have that than have to stump a hundred billion to save some casino banks every 5 years or so ...?

Good riddance I'd say. Let Singapore or Dubai come up with the bailout...

Phil_MCR · #4 04.11.2011, 13:35

	Quote:	dino
	wouldn't you rather have that than have to stump a hundred billion to save some casino banks every 5 years or so ...? Good riddance I'd say. Let Singapore or Dubai come up with the bailout...

not really. nobody needs to bail out the banks. they can just let the fold if they mess up. don't buy into the fallacy that banks need to be bailed out.