City of London Under Siege: Tax Threats, Mining Exodus, and PE Feeding Frenzy

48 per cent — the effective tax rate Dame Jane Fraser says London banks now face, compared to 27 per cent in New York and 28 per cent in Dublin. "Money votes with its feet," the Citi boss warned.

Money Moves

• Glencore plots Australian escape — FTSE 100 miner launches secondary ASX listing in October, citing London's undervalued shares and shallow liquidity; stock rose 3.5 per cent on the news.
• Bodycote sparks bidding war — FTSE 250...