This piece in the FT last week is very revealing about the state of Brexit.
At Davos, the Chief Exec of Goldman Sachs was joined by the other Chief Execs of US Banks in warning that a Hard Brexit will see them move their European Operations into EU jurisdictions.
As a reminder, Goldmans actively financed Greece to the point of bankruptcy, shorted the CMBS and RMBS bonds that created the Great Financial Crash and then begged the Fed (run by an Ex-Goldmans alumni, natch) to bail out AIG which owed it billions of Credit Default Swaps such that its collapse would have taken down Goldmans too. There are newer scandals over Aluminium and other commodity hoarding, but the charge sheet is long enough.
So, anything told by a Goldmans CEO is every time and always talking their own book. The US Banks have a big dilemma, none of the Execs they send to Europe want to work or locate their families anywhere but London. At the moment, strikes are threatened and even enacted every time Paris is mentioned.
This is a big headache, one might have thought the Banks would do well to lobby the cause of the problem, the EU, who after all are the ones insisting on Hard Brexit, thanks to their overblown commitment to the four freedoms.
Anyway, the Banks whine on in the article how about how tough life is for them and why they are annoyed that their special pleading is being ignored. Then right at then (this is an FT article after all), they note how Prime Minister May understands their issues perfectly and is quite aware of the real impacts upon them of Brexit.
That must have both killed the journalist to write but also must have ruined the day of the US Bankers - how can they square the circle of not firing their friends and colleagues (read cousins etc)and replacing them with work to rule French people?