Brexit has led to the erosion of the City of London's dominance, while global banks develop in Canary Wharf and IMF data shows capital decline.
1 report, 1 independent
Updated Jun 21
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Brexit has led to the erosion of the City of London's dominance, while global banks develop in Canary Wharf and IMF data shows capital decline.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amid Brexit fallout, global banks are leveraging Canary Wharf as a new financial hub, exemplified by plans for a new tower.Sub-event
City of London faces challenges including Brexit fallout and declining foreign capital based on IMF data.1 source
Keep exploring
The entities involved
-
City of London
city, ceremonial county and local government district containing the historic centre and the primary central business district in the London Region in England, UK
-
International Monetary Fund
international financial institution