Brexit creates uncertainty in Europe’s financial center
More than a year after the Brexit vote, London still seems to be a dynamic Mecca for finance. But below the surface, people working in the sector in the UK capital harbour worries that the lack of political agreement over the break with the EU could damage the financial industry.
By Daniel Hedelund
On the waterside by London's Canary Wharf business district, there are no immediate signs of the financial center's decline.
In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.
Whilst one of the first SPACs in the Nordics found its acquisition target within a few months, several others are yet to make their moves. Deutsche Bank’s CEO for Nordics Jan Olsson comments on the waning enthusiasm for the trend.