Remember The City of London?
2007?
They had been unleashed by the British Government and went on a massive gambling spree?
But they lost?
And we bailed them out with £1 trillion?
New EU regulation was implemented to impose some control on The City of London.
But Brexit has unleashed The City of London again.
And guess what? Yep. They're becoming the banker of the renminbi.
Keep a very close eye on The City of London.
From : ALEX BRUMMER: The prophets of doom were so wrong... the City's profits are booming again
Sleaze and climate catastrophe may have dominated headlines in the past few weeks, but we don't have to look too far for good news.
The City of London is defying the doomsayers and concerted efforts of Paris, Frankfurt and Amsterdam to wrestle away its role as Europe's — and much of the rest of the world's — financial centre.
From trading in the Chinese currency, the renminbi, to the huge expanding market in green bonds (fixed-income instruments to raise funds for beneficial environmental projects), our financial community is thriving, as Boris Johnson's government unveils plans to replace restrictive Brussels laws with a more agile and innovative regime.
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