Brexit Problem .

[gulliver1]

JP MORGAN ,is set to move £184 bn of assets from UK to Germany as a result of Brexit. With the transition period almost over, moving the assets will boost their operations in Europe and ensure they can still trade within the E/U . They have already told staff to be ready to move out of London.
USB ,Standard Charter and Citi have already started to move, Well done Brexiteers

[ToraToraTora]

the actual assets are in the US anyway, non story.

[-SharonA-]

I don't think the Brexiteers care!!

[ToraToraTora]

do you have a link?

[ToraToraTora]

assets in merchant banks are numbers in a computer their location is largely irrelevant. What is important is COQ and COI, and they tend not to change unless the base asset is sold across borders whioch tends to attract a lot of tax and would need action by the owner of the asset which is mostly not the bank. The bank merely carries out the instructions of their customers.

[ToraToraTora]

so I'd like to see the actual link so I can ascertain the level of BS in gulliver's assumptions.

[chelle7272]

https://www.msn.com/en-gb/money/business/jp-morgan-to-move-%E2%82%AC200bn-assets-from-the-uk-to-germany-due-to-brexit/ar-BB19kQ7U?li=BBoPWjQ

[ToraToraTora]

looks like gully has a little helper. Ok they are Bank Controlled assets. JPMorgan has $2tn under management, drop in the ocean.

[chelle7272]

Helper to gully? not at all. You wanted a link I provided one.

[ToraToraTora]

I wanted gully to provide a link not you.

[TrevorThePug]

Classic gammon response there Tora

1. Denial
2. Downplay
3. Excuse
4. Blame someone else

[Mozz71]

//I wanted gully to provide a link not you.//www

Don't sweat it Chelle, Tora is more interest in baiting Gully than he is the actual story. Besides, everyone knows that Gulliver is too self important to provide links for anything.

[HansUrbancka]

I think it's now Teacake time.

Hans

[royfromaus]

I assume JP Morgan is shifting legally?

[gulliver1]

15.30 Juvenile answer, try and act like an adult when you are on the News Section.

[Mozz71]

It would help if you did provide a link to a story like this one though Gulliver. Saves folk having to look it up themselves.

[ToraToraTora]

16:15, I will when I'm in the village.

[ToraToraTora]

gone a bit quiet in the Imby quarter!

[douglas9401]

Everybody was hoping you'd cried yourself to sleep so were keeping the noise down.

[ToraToraTora]

I think I've adequately neutralised this BS.

[Mozz71]

//I think I've adequately neutralised this BS//

I'm sure you'll find a way to add to it.