BusinessLondon s Golden Age as Europe s financial capital is over, says NatWest chair
Huw Jones
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A branch of NatWest Bank is seen in the City of London February 8, 2011. Britain slapped an extra 800 million pound ($1.3 billion) tax on banks this year, taking a harder line on the sector as it negotiates a deal to curb bonuses and free up business lending. REUTERS/Chris Helgren/File Photo
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The City of London s Golden Age as Europe s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday.
The City has been largely cut off from the EU since Britain s full departure on Dec. 31, 2020, with bankers and City officials not expecting any direct access to the bloc anytime soon.
London s Golden Age is over - NatWest chairman
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