In light of Brexit, the London offices of banks will likely have a tougher time accessing the rest of Europe. As banks are now looking at other cities to put their main European offices, Dublin seems to be the first choice for BoA.
Bank of America Corp. views Dublin as its default destination for a new hub inside the European Union if Brexit means the U.K. loses easy access to the single market, according to one of the firm's top executives in Germany.
Ireland is a natural choice. It retains the minimal time-zone difference between New York and Europe and means a relatively small move for erstwhile London bankers. Also there's the whole language thing. "Dublin and Ireland are the closest you're going to get to London and the UK," the city's investment spokesman has said, which essentially translates to, "Don't worry about learning a new language, lazy Americans."
If you were a London banker , would you move to Dublin? I've personally traveled around Dublin before, but I've never been to London. Can anyone tell me how the two compare in terms of lifestyle, cost of living, etc?
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