On: How the City of London invented offshore banking

[rmvt]

> It's delusional to think that they can be moved.

no. it's delusional to think otherwise, unless you're naive enough to think anyone actually means an office is moved overnight.

[user5994461 → rmvt]

You're naive to think that thousands of people can't be relocated overnight. Historically, that came along war and starvation.

Hopefully, politicians are just messing around and not trying to go down that road.

[giggidygig → user5994461]

I agree, these large multinational banks, just like any other large multinational company, can do things very quickly if needed.

Dump local staff, re-hire in the other country. Dump local back office staff, re-hire in the other country, or, they already have it outsourced.

If its on some executive's KPI or has their yearly bonus at risk... mountains can be moved in a blink of an eye.