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CNBC

Citi: UK investment makes 'all the sense in the world'

CNBC · Just In
CNBC
CNBC
Just In

David Livingstone, Chief Client Officer, Citi discusses the bank's announcement to invest $1.5 billion in their UK headquarters.

Breakdown
  • Citi highlights the UK's favorable position and talent as reasons for major investment.
  • The bank has invested in refurbishing its London headquarters for long-term presence. 26s
  • Despite competition from other financial centers, London remains Citi's second largest market by returns. 1m 19s
  • Citi reports minimal job movement from London to Europe post-Brexit, with London headcount rising. 2m 5s
  • Physical financial centers are still seen as vital for collaboration and organizational culture. 2m 46s
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