“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.
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