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Brexit threatening London's place as banking hub

Between 15,000 and 80,000 finance jobs could leave the city over the next two years, leading to the rise of other rivals such as Frankfurt, Paris and Dublin

Published Sun, May 14, 2017 · 09:50 PM

London

FROM a skyscraper in Canary Wharf, the once-bustling cluster of docks transformed into a global banking centre, traders at Citigroup's regional headquarters move unfathomable sums of money around the planet. They are exploiting London's unrivalled connections to the intricate plumbing of the international financial system.

Now, the flow of money is in doubt, imperilling London's fortunes.

Many of the transactions Citigroup oversees here are dependent on Britain's inclusion in the European Union (EU). Italian banks tap London's vast pools of money to …

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