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Barclays moves €190 billion to Dublin
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userBulletguy
Posted: 30 January 2019 9:13 PM
Subject: Barclays moves €190 billion to Dublin
 


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Barclays is moving €190 billion (£166bn) of assets to Dublin because it "cannot wait any longer" to implement its Brexit contingency plan.

The High Court, which has approved the move, says the move involves 5,000 clients. The bank had to ask the High Court for approval to transfer the business which took place in branches in Germany, France, Spain, Italy, the Netherlands, Portugal and Sweden for corporate banking, investment banking and some wealthy private clients.

http://www.youtube.com/watch?v=GF3CopHpw3E&t=18m55s

https://www.bbc.com/news/business-47060676
userpelmetman
Posted: 30 January 2019 10:14 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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So what? ...........

I've moved a car and a caravan to Spain .........



userBulletguy
Posted: 30 January 2019 10:43 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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How is that relevant to the thread topic?
userpelmetman
Posted: 30 January 2019 10:57 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Bulletguy - 2019-01-30 10:43 PM


How is that relevant to the thread topic?


I thought it was about moving assets out of the UK ..........

userBulletguy
Posted: 30 January 2019 11:37 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-01-30 10:57 PM

Bulletguy - 2019-01-30 10:43 PM


How is that relevant to the thread topic?


I thought it was about moving assets out of the UK ..........

I almost feel sorry for you if this is all you can come up with as you're displaying perfectly the reasons why Brexiteers are held in such contempt.
userpelmetman
Posted: 31 January 2019 10:47 AM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Bulletguy - 2019-01-30 11:37 PM

pelmetman - 2019-01-30 10:57 PM

Bulletguy - 2019-01-30 10:43 PM


How is that relevant to the thread topic?


I thought it was about moving assets out of the UK ..........

I almost feel sorry for you if this is all you can come up with as you're displaying perfectly the reasons why Brexiteers are held in such contempt.


I can assure you...........the feelings mutual ...........



userFast Pat
Posted: 31 January 2019 6:01 PM
Subject: RE: Barclays moves €190 billion to Dublin
 
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pelmetman - 2019-01-30 10:14 PM

So what? ...........

I've moved a car and a caravan to Spain .........




Was that included in the £800 billion that's left the City of London this month?
userpelmetman
Posted: 31 January 2019 10:43 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Fast Pat - 2019-01-31 6:01 PM

pelmetman - 2019-01-30 10:14 PM

So what? ...........

I've moved a car and a caravan to Spain .........




Was that included in the £800 billion that's left the City of London this month?


Has that affected you? ...........I cant say I've noticed any difference ........

Where as my car & caravan has made a big difference .........

userBulletguy
Posted: 1 February 2019 1:43 AM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-01-31 10:43 PM

Fast Pat - 2019-01-31 6:01 PM

pelmetman - 2019-01-30 10:14 PM

So what? ...........

I've moved a car and a caravan to Spain .........




Was that included in the £800 billion that's left the City of London this month?


Has that affected you? ...........I cant say I've noticed any difference ........

Where as my car & caravan has made a big difference .........

You're an absolute idiot. Banking is moving out due to Brexit losing them 'passporting' facilities necessary to function, and that will lose the UK Exchequer billions every year in lost revenue. That leads to higher taxes, lower spending, or more borrowing. Not to mention the loss of many jobs in some cases.
userpelmetman
Posted: 1 February 2019 9:32 AM
Subject: RE: Barclays moves €190 billion to Dublin
 


Walks with the gods

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Bulletguy - 2019-02-01 1:43 AM

pelmetman - 2019-01-31 10:43 PM

Fast Pat - 2019-01-31 6:01 PM

pelmetman - 2019-01-30 10:14 PM

So what? ...........

I've moved a car and a caravan to Spain .........




Was that included in the £800 billion that's left the City of London this month?


Has that affected you? ...........I cant say I've noticed any difference ........

Where as my car & caravan has made a big difference .........

You're an absolute idiot. Banking is moving out due to Brexit losing them 'passporting' facilities necessary to function, and that will lose the UK Exchequer billions every year in lost revenue. That leads to higher taxes, lower spending, or more borrowing. Not to mention the loss of many jobs in some cases.


So has it affected you?................and I'm not referring to your ego ..........

It appears your Remoaner experts got it WRONG AGAIN with their 65,000 London bank job losses predictions ............

"But reports about banks such as Morgan Stanley, Barclays and Bank of America moving, or creating, hundreds rather than thousands of jobs at those sites suggest the total affected in the City is much smaller than the 65,000 or so predicted by some immediately after the referendum."

https://www.bbc.co.uk/news/business-47063405





userViolet1956
Posted: 1 February 2019 2:32 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


2000500


That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.
userpelmetman
Posted: 1 February 2019 2:35 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........



Edited by pelmetman 2019-02-01 2:37 PM
userViolet1956
Posted: 1 February 2019 2:46 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


2000500


pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.
userBulletguy
Posted: 1 February 2019 4:42 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-02-01 9:32 AM

Bulletguy - 2019-02-01 1:43 AM

pelmetman - 2019-01-31 10:43 PM

Fast Pat - 2019-01-31 6:01 PM

pelmetman - 2019-01-30 10:14 PM

So what? ...........

I've moved a car and a caravan to Spain .........




Was that included in the £800 billion that's left the City of London this month?


Has that affected you? ...........I cant say I've noticed any difference ........

Where as my car & caravan has made a big difference .........

You're an absolute idiot. Banking is moving out due to Brexit losing them 'passporting' facilities necessary to function, and that will lose the UK Exchequer billions every year in lost revenue. That leads to higher taxes, lower spending, or more borrowing. Not to mention the loss of many jobs in some cases.


So has it affected you?................and I'm not referring to your ego ..........

Higher taxes, lower spending, or more borrowing will affect everyone long term. The billions per annum lost has to be made up from somewhere. Given choice i'd prefer any draconian punitive taxation to claw that money back was apportioned solely to selfish Brexit voters like you who only think of yourselves who inflicted this suffering on millions of blameless innocent victims in your mindless quest for dragging us all over the cliff edge.
userantony1969
Posted: 1 February 2019 5:31 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Violet1956 - 2019-02-01 2:46 PM

pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.


Lets hope you keep those same principles next election time if a Corbyn Government looks likely ... Some how doubt it
userViolet1956
Posted: 1 February 2019 6:26 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


2000500


You assume too much about my political affiliations Antony. In truth I have none, my vote tends to be in line with the least worst option these days.
userpelmetman
Posted: 1 February 2019 9:27 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Violet1956 - 2019-02-01 2:46 PM

pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.


It looks to me like NO jobs have been lost ..........

As the BBC article said jobs had been moved and other Jobs have been created ........

But why let the facts get in the way of a good scare story eh? ..........

userBulletguy
Posted: 1 February 2019 9:46 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-02-01 9:27 PM

Violet1956 - 2019-02-01 2:46 PM

pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.


It looks to me like NO jobs have been lost ..........

It said "few jobs in London are expected to be affected." Not "no jobs" affected. There's a difference.

As the BBC article said jobs had been moved and other Jobs have been created ........

Yes.....in Dublin. The bank's Dublin operation is expected to double in size to 300 people as a result of the business being channelled though the Irish capital.


But why let the facts get in the way of a good scare story eh? ..........

Quite........so stop trying to 'spin' it to make it read what you prefer whilst ignoring 'inconvenient' facts.

Edited by Bulletguy 2019-02-01 9:46 PM
userpelmetman
Posted: 1 February 2019 10:15 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


Walks with the gods

Posts: 23407
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Bulletguy - 2019-02-01 9:46 PM

pelmetman - 2019-02-01 9:27 PM

Violet1956 - 2019-02-01 2:46 PM

pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.


It looks to me like NO jobs have been lost ..........

It said "few jobs in London are expected to be affected." Not "no jobs" affected. There's a difference.

As the BBC article said jobs had been moved and other Jobs have been created ........

Yes.....in Dublin. The bank's Dublin operation is expected to double in size to 300 people as a result of the business being channelled though the Irish capital.


But why let the facts get in the way of a good scare story eh? ..........

Quite........so stop trying to 'spin' it to make it read what you prefer whilst ignoring 'inconvenient' facts.


Have any jobs been lost? ...........Nope .........

So stop spreading fake news ...........

userFast Pat
Posted: 2 February 2019 12:49 AM
Subject: RE: Barclays moves €190 billion to Dublin
 
Keeps coming back for more

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pelmetman - 2019-02-01 10:15 PM

Bulletguy - 2019-02-01 9:46 PM

pelmetman - 2019-02-01 9:27 PM

Violet1956 - 2019-02-01 2:46 PM

pelmetman - 2019-02-01 2:35 PM

Violet1956 - 2019-02-01 2:32 PM

That article is two months old Dave and you will note it says that banks are being cagey about their plans. Well Barclays seem to have come out of the woodwork in relation to this recent move.


So have 65,000 jobs been lost as per your Remoaner "expert" predictions? ..........

BTW has Barclays moving their dosh directly affected you? ........

Well it's too soon to say how many jobs may be lost isn't it? I don't know whether I am directly affected but I'm not only concerned about what affects me Dave.


It looks to me like NO jobs have been lost ..........

It said "few jobs in London are expected to be affected." Not "no jobs" affected. There's a difference.

As the BBC article said jobs had been moved and other Jobs have been created ........

Yes.....in Dublin. The bank's Dublin operation is expected to double in size to 300 people as a result of the business being channelled though the Irish capital.


But why let the facts get in the way of a good scare story eh? ..........

Quite........so stop trying to 'spin' it to make it read what you prefer whilst ignoring 'inconvenient' facts.


Have any jobs been lost? ...........Nope .........

So stop spreading fake news ...........



Jobs have been lost together with a capital sum that equates to 8% of GDP.
userpelmetman
Posted: 2 February 2019 9:30 AM
Subject: RE: Barclays moves €190 billion to Dublin
 


Walks with the gods

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Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

userBulletguy
Posted: 2 February 2019 2:43 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-02-02 9:30 AM

Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

Barclays isn't the only bank to have upped sticks and gone and whilst they say for themselves, "few jobs in London are expected to be affected", many others in banking have lost jobs and you cannot deny that (though you will) as it's been widely reported. As has been pointed out to you many times, Barclays moving €190 billion out to Dublin is a loss to the Exchequer, not forgetting the €900 billion from other banks which has now gone to Frankfurt......remember this was what you once parroted as "taking back control" but instead it you've lost control....even managing to chase some of it off to your arch 'enemy', the EU!
userBulletguy
Posted: 5 February 2019 11:53 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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UBS now been to court today to seek approval to move some of it's operations to Germany because Brexit poses a “real and immediate risk” that it may lose the right to conduct some operations in the European Union.

https://www.bnnbloomberg.ca/ubs-tries-to-move-operations-out-of-u-k-on-real-brexit-risk-1.1209407

Government have known for over a year so they cannot say they were not warned.

https://www.independent.co.uk/news/business/news/brexit-latest-news-ubs-bank-chief-andrea-orcel-jobs-will-definitely-move-jobs-london-european-a7533691.html
user747
Posted: 6 February 2019 12:51 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Should the Euro go through turmoil in the future, the money will be swiftly shipped back to the UK ... or elsewhere. Of course these honest upright Bankers might have a different reason for juggling currencies.

Swings and Roundabouts.
userpelmetman
Posted: 6 February 2019 1:21 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


Walks with the gods

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Bulletguy - 2019-02-02 2:43 PM

pelmetman - 2019-02-02 9:30 AM

Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

Barclays isn't the only bank to have upped sticks and gone and whilst they say for themselves, "few jobs in London are expected to be affected", many others in banking have lost jobs and you cannot deny that (though you will) as it's been widely reported. As has been pointed out to you many times, Barclays moving €190 billion out to Dublin is a loss to the Exchequer, not forgetting the €900 billion from other banks which has now gone to Frankfurt......remember this was what you once parroted as "taking back control" but instead it you've lost control....even managing to chase some of it off to your arch 'enemy', the EU!


So has it affected you? ...........

userBulletguy
Posted: 6 February 2019 4:45 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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747 - 2019-02-06 12:51 PM

Should the Euro go through turmoil in the future, the money will be swiftly shipped back to the UK ... or elsewhere. Of course these honest upright Bankers might have a different reason for juggling currencies.

Swings and Roundabouts.

Passporting 747.....simple as that. Without it they can't function as a business and Brexit presents a real threat to that so they've done what any banking business will do and move to where they can work.

https://www.bankofengland.co.uk/prudential-regulation/authorisations/passporting

http://ukandeu.ac.uk/explainers/passporting-and-equivalence-the-impact-of-brexit-on-the-city-of-london/
userBulletguy
Posted: 6 February 2019 4:48 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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pelmetman - 2019-02-06 1:21 PM

Bulletguy - 2019-02-02 2:43 PM

pelmetman - 2019-02-02 9:30 AM

Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

Barclays isn't the only bank to have upped sticks and gone and whilst they say for themselves, "few jobs in London are expected to be affected", many others in banking have lost jobs and you cannot deny that (though you will) as it's been widely reported. As has been pointed out to you many times, Barclays moving €190 billion out to Dublin is a loss to the Exchequer, not forgetting the €900 billion from other banks which has now gone to Frankfurt......remember this was what you once parroted as "taking back control" but instead it you've lost control....even managing to chase some of it off to your arch 'enemy', the EU!


So has it affected you? ...........

When will you start learning it's not about me, me, me, me, all the time.....it's about the livelihoods and future of others which you obviously don't give a fig about.
userpelmetman
Posted: 6 February 2019 5:20 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


Walks with the gods

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Bulletguy - 2019-02-06 4:48 PM

pelmetman - 2019-02-06 1:21 PM

Bulletguy - 2019-02-02 2:43 PM

pelmetman - 2019-02-02 9:30 AM

Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

Barclays isn't the only bank to have upped sticks and gone and whilst they say for themselves, "few jobs in London are expected to be affected", many others in banking have lost jobs and you cannot deny that (though you will) as it's been widely reported. As has been pointed out to you many times, Barclays moving €190 billion out to Dublin is a loss to the Exchequer, not forgetting the €900 billion from other banks which has now gone to Frankfurt......remember this was what you once parroted as "taking back control" but instead it you've lost control....even managing to chase some of it off to your arch 'enemy', the EU!


So has it affected you? ...........

When will you start learning it's not about me, me, me, me, all the time.....it's about the livelihoods and future of others which you obviously don't give a fig about.


But no ones lost their livelihood have they? ..........

In fact the banks have created more livelihoods according to the BBC ........

userBulletguy
Posted: 6 February 2019 5:59 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


Legendary contributor

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pelmetman - 2019-02-06 5:20 PM

Bulletguy - 2019-02-06 4:48 PM

pelmetman - 2019-02-06 1:21 PM

Bulletguy - 2019-02-02 2:43 PM

pelmetman - 2019-02-02 9:30 AM

Fast Pat - 2019-02-02 12:49 AM

Jobs have been lost together with a capital sum that equates to 8% of GDP.


Proof that jobs have been lost please? ............

As all I can find is that a few jobs have been "relocated" along with other jobs being created ..........

BTW does that money belong to us? ...........and how has it affected you? ..........Coz I haven't noticed anything ............

Barclays isn't the only bank to have upped sticks and gone and whilst they say for themselves, "few jobs in London are expected to be affected", many others in banking have lost jobs and you cannot deny that (though you will) as it's been widely reported. As has been pointed out to you many times, Barclays moving €190 billion out to Dublin is a loss to the Exchequer, not forgetting the €900 billion from other banks which has now gone to Frankfurt......remember this was what you once parroted as "taking back control" but instead it you've lost control....even managing to chase some of it off to your arch 'enemy', the EU!


So has it affected you? ...........

When will you start learning it's not about me, me, me, me, all the time.....it's about the livelihoods and future of others which you obviously don't give a fig about.


But no ones lost their livelihood have they? ..........

In fact the banks have created more livelihoods according to the BBC ........

You're basing that on pure conjecture rather than logic. Not everyone is in a position to simply up sticks and relocate to another country. Some will have families to consider, children at school, wives/husbands in an entirely different employment, elderly parent/s to care for etc.
user747
Posted: 6 February 2019 6:15 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Bulletguy - 2019-02-06 4:45 PM

747 - 2019-02-06 12:51 PM

Should the Euro go through turmoil in the future, the money will be swiftly shipped back to the UK ... or elsewhere. Of course these honest upright Bankers might have a different reason for juggling currencies.

Swings and Roundabouts.

Passporting 747.....simple as that. Without it they can't function as a business and Brexit presents a real threat to that so they've done what any banking business will do and move to where they can work.

https://www.bankofengland.co.uk/prudential-regulation/authorisations/passporting

http://ukandeu.ac.uk/explainers/passporting-and-equivalence-the-impact-of-brexit-on-the-city-of-london/


Learned a new word have we?

I have been 'passporting' since the 1970's as I worked overseas, in various currencies and had Bank Accounts in foreign countries. Glad to see that Brexit has educated you .... ignorance is the pits.
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