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Stock exchange merger is now caught in the Brexit crossfire

London Stock Exchange

Confident assertions are being made about what will happen to the City after Brexit. Sir Charlie Bean, former deputy governor of the Bank of England, said last week that he had “absolutely no doubt at all” that euro-denominated clearing of interest rate derivatives would be moved into the European Union.

Bankers: Come here - and get easily fired!

Frankfurt Skyline

In the jostling to lure London bankers post-Brexit, Paris touts its cultural and culinary offerings, Amsterdam its digital connectivity, and Dublin its use of English. Frankfurt’s pitch: make it easy to fire bankers.

People News: HSBC, ICBC

HSBC sign

HSBC’s vice-chairman of global banking and markets Spencer Lake is leaving the firm after being sidelined in a reorganization of the investment bank earlier this year.