London Can Kiss Deutsche Boerse-LSE HQ Goodbye: German Regulator - Dealbreaker

London Can Kiss Deutsche Boerse-LSE HQ Goodbye: German Regulator

The hits just keep on coming.
By Rlevente [CC BY-SA 4.0], via Wikimedia Commons

Rlevente, via Wikimedia Commons

If you've been dreaming of the planned Deutsche Boerse-London Stock Exchange calling London home-- and people who have dreams about stock exchanges certainly have--, Germany is here to say: Um, wake up! That dream died a violent death after last week's li'l vote.

Germany's financial market regulator delivered a double blow to London on Tuesday, saying it could not host the headquarters of a planned European stock exchange giant after Britain leaves the EU, and nor could it remain a center for trading in euros...Hardening positions in Germany, where politicians have made similar remarks, have created an additional hurdle to the planned $25 billion merger, which is now in danger of unraveling after Britain opted from Brexit.

Top German regulator says no to London HQ for Deutsche Boerse-LSE [Reuters]


New York, London, Hong Kong… Moscow?

Russia may have the kind of official corruption that would make a Sicilian blush, a fairly weak grasp on the rule of law, a pair of would-be czars trading its top two political posts and, now, more orphans than it can give away. It also may have a stock exchange worth as much as the big one with the columns down on Broad Street.