Calm words won't stop bankers leaving London
DAVOS, Switzerland (Reuters Breakingviews) - An outbreak of common sense may come too late to stop bankers leaving London. The City is the European Union's main capital market, and a big source of tax revenue for the United Kingdom. So both sides have good reason to negotiate a sensible post-Brexit agreement on financial services. For banks considering moving staff to the continent, though, what really matters is the timetable.