28-03-2017: Horst Geicke in an interview on the subject “Brexit” at CNBC.
Video: Excerpt of the interview
Horst Geicke with reporter Emily Tan of CNBC:
More on the topic “Brexit”:
“You cannot drop your membership in the country club and still enjoy all the benefits with it,” Horst Geicke, chairman of the European Chamber of Commerce in Hong Kong, told CNBC’s “Squawk Box” on Wednesday.
“For those banks, as long as they are international banks, it is much easier for them to just move the outfit they were running in London to Paris or to Frankfurt or another EU city,” Geicke said. “It’s hard on the U.K. You have job losses, you have volume losses in your financial transactions and it might also affect the London Stock Exchange size.”