SMITH BRAIN TRUST — London has long been Wall Street’s gateway to the European Union. If the city loses its link to the euro, about 40,000 expatriates from big U.S. banks might have to move to Frankfurt, Germany. Smith School professor Albert "Pete" Kyle says that won’t be so easy because Frankfurt is smaller than Charlotte, N.C. "You can’t possibly imagine the whole American banking industry moving from New York to Charlotte any more than you can imagine the European banking industry moving from London to Frankfurt," he tells Marketplace Radio. "It’s just not a big enough city to absorb it." Paris and Dublin also remain in the mix. Read more...
Wanted: New European Union Gateway
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.