Banks relocating to EU?

[Dangee]

You are right though JB

 

[SirGalahad]

In financial services, London is big, it's going to get a lot bigger.

Do you work in finance? Alot bigger? Interesting, why do you say that?

 

[JP_]

My last job went to Glasgow, my wife's previous job went to India, a department in her current company has been told they are all getting made redundant, as work is going to a cheaper outsource provider. Many people I used to know saw their "safe" London jobs go to overseas companies. Looks like the entire building I used to work on, on Moorgate, is now sold off - there were about 1000 people in there 5 years ago.

Not seeing any evidence of a booming London financial centre here.

 

[ellal]

It's the world's 6th largest bank, and it is British.

It's also one of the largest money laundering banks in the world...

 

[Dangee]

And.....

 

[JP_]

It's also one of the largest money laundering banks in the world...

Hard not to be, all money laundering eventually washes through banks, so the bigger the bank, the more it happens. Not much banks can do about it and silly to put blame on them.

 

[ellal]

Hard not to be, all money laundering eventually washes through banks, so the bigger the bank, the more it happens. Not much banks can do about it and silly to put blame on them.

Not silly at all to put the blame on them when they themselves are profiting from the practice!

 

[noseall]

By the way, when is Johtch/Bedwetter ever going to drop this Brexit stuff!

For as long as it keeps putting your nose out of joint as you keep on responding to it.

Hilarious.

Correct.

 

[Mottie]

Not silly at all to put the blame on them when they themselves are profiting from the practice!

Yeah, they’re nowhere near as squeaky clean as those Icelandic banks were back in the day.

 

[noseall]

Yeah, they’re nowhere near as squeaky clean as those Icelandic banks were back in the day.

they're all a *wunch of bastads.

*'Wunch' is the collective name for a group of bankers.

 

[JP_]

Not silly at all to put the blame on them when they themselves are profiting from the practice!

If you have a solution you could profit very well from it, get along to the banks asap and explain your new robust system.

 

[Notch7]

Continental Europe is not Europe.
Covid has impacted London property prices way more than Brexit. But still its going up.
https://www.mylondon.news/news/property/london-house-prices-areas-london-19535253

Yes there's still plenty of Russian and Chinese money washing around London.

 

[Notch7]

and every other part of the country can get back closer to some sort of parity

You think London will Level down to the North.

 

[ellal]

Yeah, they’re nowhere near as squeaky clean as those Icelandic banks were back in the day.

The difference is those banks were allowed to fail, and the 'missing assets' found...

Debts were fully paid back and some bankers were jailed...

A former Icelandic PM was prosecuted regarding conduct during the 2008 crash...

Prior to the virus, public finances were in surplus and public debt to GDP less than half that of the UK...

Care to compare that with the reaction to UK banks?

When will you cease doing your best to show your ignorance

 

[Mottie]

The difference is those banks were allowed to fail,

Only when they were caught out and after a quarter of the population had lost their savings. They shouldn’t have been allowed to get in that position in the first place.