Carney backs City as the 'investment banker of Europe'

Defending the capital city, Carney (pictured) said London is the "investment banker of Europe" and that over half of the equity and debt raised by eurozone companies was issued "in the UK, by firms based in the UK, quite often to investors in the UK". "These activities are crucial for firms in the European real economy and it's absolutely in the interests of the EU that there is an orderly transition and that there is continual access to those services," he said. The comments, published in the Financial Times, come after the European Central Bank president Mario Draghi said Britain th...