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  • Banks’ Brexit Exodus to Start Before Year-End, Lobby Chief Says

    From bloomberg.com

    Banks in the U.K. will start relocating operations out of the country by year-end, months before formal talks to leave the European Union begin, as London looks set to lose access to the EU single market, the head of the British Bankers Association said in a newspaper commentary. International banks’ “hands are quivering over the relocate button,” Anthony Browne, chief executive officer of the banking lobby group the BBA, wrote Sunday in the Observer newspaper. “Many smaller banks plan to start relocations before Christmas; bigger banks are expected to start in the first quarter of next year.” Without ... (full story)

enough said. just let it drop and reset
Happy riddance!
  •  Guest
  • | IP XXX.XXX.153.19
guys this is very simple , its just about science , gravity law , all that goes up must go down and the GBP was so high expensive it was about time to burst open the bubble one day and guess what that day is just around the corner . for a healthy economie there gotta be a balance and there was no balance whatsoever in UK for a long time , so let nature do its job
Quoting Guest
guys this is very simple , its just about science , gravity law , all that goes up must go down and the GBP was so high expensive it was about time to burst open the bubble one day and guess what that day is just around the corner . for a healthy economie there gotta be a balance and there was no balance whatsoever in UK for a long time , so let nature do its job
Letting nature do its job involves not interfering?
So how do I interpret Brexit then.
Surely a major interference? Am I missing something?
It's nonsense! Banks dismiss gloom-laden claim they'll quit the UK after Brexit

Read more: http://www.dailymail.co.uk/news/arti...#ixzz4O0Zft8C7
Follow us: @MailOnline on Twitter | DailyMail on Facebook
  • Post #6
  • Quote
  • Edited at 1:41pm Oct 24, 2016 9:21am | Edited at 1:41pm
Let them go.

A vacuum will always be filled, just ask Mr Dyson.

They can take their stupidity and greed with them. They have not changed since Tulip Mania (google it) and are not likely to in the future.

The Bank of England can follow Mr Dyson's example and break the status quo. Start working for the benefit of the population. The 1800's Guernsey money policy should be considered. If it benefits the population then that is the future.

For those of the belief that it will destroy the country, so what, look back in history, we built an empire so rebuilding a single country is relatively speaking, a walk in the park. This time though, it will be built for the benefit of the population. Remove all opportunity to cream off profits.
Quoting Devauxt
It's nonsense! Banks dismiss gloom-laden claim they'll quit the UK after Brexit

Read more: http://www.dailymail.co.uk/news/arti...#ixzz4O0Zft8C7
Follow us: @MailOnline on Twitter | DailyMail on Facebook
But it was the Mail on Sunday yesterday hysterically screaming that ALL banks were leaving !?
[email protected] dont waste your time on the proselytizing posts of the NeoNasty Party faithful..LoL
Quoting barkie
But it was the Mail on Sunday yesterday hysterically screaming that ALL banks were leaving !?
News is news barkie
Quoting cliffedwards
[email protected] dont waste your time on the proselytizing posts of the NeoNasty Party faithful..LoL
Let the child play with matches if he wants
Quoting Devauxt
Let the child play with matches if he wants
Or they can go and admire each others' vegetables.
LoL LoL LoL.. ..
Quoting cliffedwards
LoL LoL LoL.. ..
I think jen101 was referring to you and barkie Lol Lol Lol
Id love it.. if I didnt care about my country first and my political, Party and idological allegiences second..

The pound in ruins..
Inflation about to hammer real wages..
Consumer confidence in ruins..
Inward Investment in chaos
National Political unity of the constituent nations of the United Kingdom in ruins..
Relations with our biggest trading Partners in ruins..
Our most profitable industry in tax contributions threatening mass exodus.

Poorer and less secure? Of course not.
Quoting cliffedwards
Id love it.. if I didnt care about my country first and my political, Party and idological allegiences second..

The pound in ruins..
Inflation about to hammer real wages..
Consumer confidence in ruins..
Inward Investment in chaos
National Political unity of the constituent nations of the United Kingdom in ruins..
Relations with our biggest trading Partners in ruins..
Our most profitable industry in tax contributions threatening mass exodus.

Poorer and less secure? Of course not.
You do "over egg the pudding" cliffedwards. It seems that your alternative is to continue to take it up the chuff from drunkard Junker and his band of EU incompetents.

The UK is way better and more capable than the EU would let it be. You have been talking the UK down for months, never once challenging the Remain claims pre or post Brexit. You seem to believe more in the EU than you do in the UK
Quoting Devauxt
You do "over egg the pudding" cliffedwards. It seems that your alternative is to continue to take it up the chuff from drunkard Junker and his band of EU incompetents.

The UK is way better and more capable than the EU would let it be. You have been talking the UK down for months, never once challenging the Remain claims pre or post Brexit. You seem to believe more in the EU than you do in the UK
Yes, the chocolate starfish is the preferred mode.
  •  Guest
  • | IP XX.XXX.185.123
Of course the UK will recover from the Brexit and return to a fine growth path. The simple question is when. During the reunification of East and West Germany in the late 80s I had visited a forum of international economists in West Germany. All speakers from Germany were estimating that the recovery of East Germany will take no longer than 5 years. Only a US scientist claimed that it could take up to 10 years. The whole crowd laughed and at him. This happened more than 25 years ago and still today some regions in East Germany are suffering economically, whereas the area as a whole has found some kind of new economic equilibrium, but on a still inferior level compared to West Germany. My lessons learned: People who are enjoying a new freedom tend to be over-optimistic. To recover from a deep economic structural shock will take most often many, many years.
I doubt there be any relocation at all or minimal
banks prefer no exit for obvious reasons and are not likely to present the answers to the obstacles that are surely there ,most doom and gloom predictions are based on the Uk simply rolling over against the odds
  •  Guest
  • | IP X.XXX.217.106
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  • Story Stats
  • Posted: Oct 23, 2016 5:30pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 18  /  Views: 4,520