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Lloyds Banking Group's  (LYG) chairman Lord Norman Blackwell pushed back against comments made by Douglas Flint, his counterpart at HSBC  (HSBC) , that the City of London will experience a "Jenga tower" downfall following Brexit. 

Blackwell, who has been a vocal supporter of Britain's exit from the European Union said, "Rather than a Jenga tower, I think of a Tower of London, with deep foundations."

Blackwell identified the City's superior legal system, expertise and infrastructure as a few of the advantages that will maintain its place as the financial center of Europe even after Brexit. 

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