Citi warns against Britain's exit from the EU - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Citi warns against Britain's exit from the EU
Started:January 21st, 2014 (09:48 PM) by kbit Views / Replies:174 / 0
Last Reply:January 21st, 2014 (09:48 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Citi warns against Britain's exit from the EU

Old January 21st, 2014, 09:48 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Citi warns against Britain's exit from the EU

(Reuters) - Citigroup Inc (NYS:C) has warned against the United Kingdom opting out of the European Union, saying such a move could hurt the British economy and reduce investment from international companies, the Financial Times reported on Tuesday.

Jim Cowles, Citi chief executive officer for Europe, Middle East and Africa, told the Financial Times that there was "mounting concern" among clients about their ability to use the United Kingdom as a regional hub if the country exits the EU.

"It is not that international companies will stop investing in Britain, but their investment just will not be at the scale we have become accustomed to," Cowles told the newspaper.

He added that the existing trade arrangements will be at risk and Britain will have no influence in making the rules in the future.

Citigroup is the latest corporation to say it favors Britain continuing its membership of the 28-member trading bloc after Prime Minister David Cameron promised voters he would renegotiate the terms of Britain's EU membership before holding an in-out referendum by 2017 if his ruling Conservatives were returned to power after elections due in May 2015.

According to the Financial Times, the British Bankers' Association has also sent a submission to a Treasury review of powers between the United Kingdom and Germany. The submission said that a single market for financial services is a significant factor in the success of the United Kingdom as a financial center, and of considerable value to the UK economy.

European aerospace group Airbus (AIR.PA), one of Britain's largest employers, on Tuesday had voiced concerns over the possibility of the country leaving the EU, saying the benefits of an alternative economic model needed to be proven.

The London-based Centre for European Reform (CER) predicted last week that Britain would struggle to maintain trade with other EU member states - now 54 percent of goods trade - if it left the bloc.

British finance minister George Osborne recently warned the European Union that it must reform if it wants Britain to remain a member, and said it faces decline if it resists change.

Citi warns against Britain's exit from the EU: FT - Yahoo Finance

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Citi warns against Britain's exit from the EU

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why Britain will not make it into Europe Fat Tails News and Current Events 0 December 19th, 2012 06:31 AM
Greek Exit in 2013 Now 90 Percent Probability: Citi Quick Summary News and Current Events 0 July 26th, 2012 05:10 AM
Greece to Exit Euro, New Currency to Fall 60%: Citi Quick Summary News and Current Events 0 May 24th, 2012 06:40 AM
China warns EU of carbon tax ‘trade war’ kbit News and Current Events 0 December 23rd, 2011 08:01 AM
Citi Hackers Made Off With $2.7 Million kbit News and Current Events 0 June 27th, 2011 01:23 PM

All times are GMT -4. The time now is 10:27 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-28 in 0.09 seconds with 19 queries on phoenix via your IP