Quote:
Originally Posted by Stuart
Whether they travel east, west, north or south, we can't afford to lose them. As people keep saying, Europe isn't the only continent with countries in. Thanks to the worldwide comms networks, Banks don't necessarily need to have physical facilities where they trade, but they do need to have physical facilities in countries where they can get an adequate supply of capable staff. Remember, banks don't only need bankers.. They need staff from all different financial backgrounds. They also need top notch technical staff.
This is actually the problem a lot of tech startups are expecting. Britain is not producing enough people that are in the various computer fields. That problem is, IMO, mostly caused by a lack of adequate funding for university and college courses from the government.
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Correct and we won't be losing them to Paris or Frankfurt.
I'm more than aware that fat cats like Fred the Shred and high flying dealers aren't the bulk of the banking industry, they're just the easily lambasted tip of the iceberg. My late wife worked in the back office for a number of top City firms for a good many years and so did I in another incarnation.