waz
ADMINISTRATOR
- Joined
- Sep 15, 2006
- Messages
- 21,159
- Reaction score
- 91
- Country
- Location
what. have you seen the news?
http://www.cityam.com/244795/aviva-...end-trading-many-amid-brexit-woes-uncertainty
banks are allowing to make more and more loans below the limit of 10 times their capital. you do know a stress test on our banks revieled all banks passed but some just about and that that just made it were past banks with problems lloyds rbs. heck in italy 9 of them failed and a few others. also dont forget paris and berlin are proposing to banks to move to their cities as they are promissing better deals than us. at upto 10% of our gdp right their gone. why? some orangutan and a nut case scaredthe sh!t out of the british public. we give 350 million to the eu. bla bla bla. did you read the email where she said that they established that was a lie this was debated on the 28th of june (her email was in my spam inbox hence the lateness) also that for a few months and possibly years were in for a rough ride.
boris..... his political career is down the drain
farage........ him to
the pair of them basically abandoned ship.
Capital requirements are ten times, prior to the 2009 crash, but you have to remember the banks are in a far better position to deal with this. The Bank of England has made £250bn of liquidity available to banks, but senior bankers are saying this is unnecessary.
Paris and Berlin can propose all they want, they lack the external economies of scale London has. I went to a presentation by Richard Taylor (head of Barclays investment) and he stated clearly that banks will not just up sticks and move. You also have to take into account that Euro capital in and outflows form a smaller part of the transactions in the city. HSBC came out with a statement that they already have sufficient staff to handle such issues on the mainland, so jobs here will not be lost. The Eurozone is also a very sluggish growth market, so any impact remains to be seen.
I didn't get any email, and sadly a great deal of the current emails flying around are utter rubbish from some remain folks who can't take what has happened.
Farrage said from day one he will leave, once we exit the EU. Borris is waiting for 2020, he's not stupid, which many people take him for.
Last edited: