Interesting to see the impact on the house prices in London of the shift! Next to that it is not only expensive fir the Banks....also for the FinTech start-ups
Together, 15 of them employ almost 70,000 people in the UK capital. Many thousands of these jobs have no need to be done in one of the world’s costliest cities, some of the banks privately admit — a point demonstrated by Credit Suisse’s October decision to move 1,800 jobs from Canary Wharf to “less expensive centres”. Investors cry foul over bank bail-in rule Eurozone bank bond issuance to stagnate Analysis Europe’s lenders capitalise on rivals EU authority budgets for 10 failed banks IN BANKS
http://www.ft.com/intl/cms/s/0/8a11b5ae-a96f-11e5-955c-1e1d6de94879.html#axzz3wZZ51eEy
