Mike Bloomberg Says London will Stay Europe’s Financial Center though ‘Dumb’ Brexit will Cut Growth

Mike Bloomberg Says London will Stay Europe’s Financial Center though ‘Dumb’ Brexit will Cut Growth
Former Mayor of New York City Michael Bloomberg gives a speech during the 2017 Asia Game Changer Awards and Gala Dinner in Manhattan, New York, U.S. November 1, 2017. Reuters/Amr Alfiky
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LONDON—London will remain Europe’s financial center for the foreseeable future and keep its position alongside New York as one of the world’s dominant trading capitals though Brexit will reduce its growth, billionaire Michael Bloomberg said on Tuesday.

Bloomberg said he would still have committed to building a new European headquarters for his global data and news business in the heart of London’s financial district had he known that Britain would vote for Brexit.