Morgan Stanley's Gorman: Nothing Good About Brexit

The transcript discusses the potential impact of London's financial decline due to Brexit, with New York being a likely beneficiary. It highlights the challenges faced by financial institutions, such as the need for new European headquarters and employee relocations. The discussion also covers the reevaluation of global business strategies and the potential for shifts towards the US, particularly New York, due to its infrastructure and time zone advantages.

In what ways might firms reconsider their geographical placements of trading businesses?

What does the speaker suggest about the scale of operations moving out of the UK?