London's financial startups mull their fate post-Brexit
The worry is limits on immigration, which would hit the community hard
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London
THE skyscrapers rising between the eastern bends of the River Thames are emblazoned with some of the biggest names in banking: Barclays, HSBC, JPMorgan and Citi. But the future of finance hangs out on the 39th floor of the tallest building of them all.
That's the home of Level39, a technology incubator where millennial entrepreneurs share open workspaces, a communal kitchen and a daily ritual of snack breaks featuring freshly baked cookies. The startups are rethinking every aspect of money, from checking accounts to crowdfunding to the complex networks that power the world's stock exchanges. Top bank executives regularly drop by to scout new ideas; investors poured US$900 million into the fledgling industry last year - creating a heady fusion of Wall Street and Silicon Valley that was supposed to drive the next generation of London's financial dominance in Europe.
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