As the U.K. referendum on whether to remain in or leave the European Union draws nearer, politicians and bankers from other European cities are circling the prospective carcass of London’s financial center like vultures above a stranded, parched wayfarer.


Back in February, Emmanuel Macron, the French economy minister, said Paris would “roll out the red carpet” for U.K. bankers should the country vote for Brexit — and on Wednesday kicked off a new campaign to tout the French capital as a center of global finance. In May, Martin Shanahan of Ireland’s Industrial Development Agency said Brexit would help his quest to attract 10,000 financial services jobs to Dublin. Not to be outdone, Hubertus Väth, the managing director of Frankfurt Main Finance, has said his city, too,is ready for an influx of bankers from London. And similar noises have been emanating from Luxembourg, Amsterdam, Munich, Stockholm, and other European financial centers in the weeks leading up to the vote.
