Without being "I told you so" about it. This is inevitable. They will all retain a presence in the City but if they don't have a presence in the EU then they'll be quickly going about getting one otherwise they won't be able to do business there. The question then is how much transfers from London to Frankfurt etc but I don't think anyone knows that yet, including the banks themselves and it'll be a fairly organic process.
Without being "I told you so" about it. This is inevitable. They will all retain a presence in the City but if they don't have a presence in the EU then they'll be quickly going about getting one otherwise they won't be able to do business there. The