45,000 financial markets jobs could be lost

The Titanic

Warning, warning!

Credit Suisse senior adviser Bob Parker warned that about 45,000 jobs in the City of London could be at risk if Britain votes to leave the European Union.

“The City of London, I think, would be challenged on a Brexit,” he said in an interview with Anna Edwards, Guy Johnson and Manus Cranny on Bloomberg Television on Wednesday. About 300,000 people are employed in the U.K. capital’s financial district and “it’s not an unrealistic forecast to say that the job losses with a Brexit could be perhaps 15% of that number,” he said.

Bloomberg News reports that senior financiers have predicted a U.K. vote to leave the 28 member trading bloc in a June 23 referendum would threaten London’s status as a global business hub and drive firms from banks to asset managers to relocate jobs. 

To access the complete Bloomberg News article hit the link below:

Credit Suisse Adviser Says 45,000 London Jobs May Go in 'Brexit'

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