The 'I told you so' EU referendum - Officially the Worst Thread Ever

[nut flush gooner]

Here's one bank which will be expanding its U.K. operations.....

http://uk.reuters.com/article/uk-handel ... KKCN12J0HA

This is a fact. Not a presumption.

Do you have one single fact to back up your doom laden pro EU argument?

You see it's exactly this sort of thing that I come back with a strong response and get accused of being arrogant/patronising.

I am not talking about retail banking I am talking about investment banking for both corporations and wealthy individuals that takes place in the city. It's always good to see a retail bank create jobs in local areas but it cannot replace the tax take of the likes of Goldman Sachs or Citibank, two of the largest banks in the world. You asked for a bank that has decided to leave the city, well its already started VTB a Russian Bank has said it will pull out of the city.

https://uk.news.yahoo.com/russian-bank- ... 41627.html

The American banks two of whom I have mentioned are seriously considering their UK presence, in the light of the hard brexit that has been intimated by TM. It's all over sky news today.

http://news.sky.com/story/top-banks-pla ... s-10629202

[GranadaJoe]

If banks aren't assessing the future and making contingency plans for a variety of future scenarios then they would be failing in their duties.

However, I don't think they will make firm decisions until the terms of Brexit become clearer.

I'm sure Paris, Frankfurt, Dublin etc are fluttering their eyelids at the City banks, but London has a very strong position and exiting will be no easy matter.

[olgitgooner]

Here's one bank which will be expanding its U.K. operations.....

http://uk.reuters.com/article/uk-handel ... KKCN12J0HA

This is a fact. Not a presumption.

Do you have one single fact to back up your doom laden pro EU argument?

You see it's exactly this sort of thing that I come back with a strong response and get accused of being arrogant/patronising.

I am not talking about retail banking I am talking about investment banking for both corporations and wealthy individuals that takes place in the city. It's always good to see a retail bank create jobs in local areas but it cannot replace the tax take of the likes of Goldman Sachs or Citibank, two of the largest banks in the world. You asked for a bank that has decided to leave the city, well its already started VTB a Russian Bank has said it will pull out of the city.

https://uk.news.yahoo.com/russian-bank- ... 41627.html

The American banks two of whom I have mentioned are seriously considering their UK presence, in the light of the hard brexit that has been intimated by TM. It's all over sky news today.

http://news.sky.com/story/top-banks-pla ... s-10629202

NutFlush please read through your own links.

The Russian bank is talking in terms of scaling down and says it actions will depend on the outcome of Brexit.

Goldman Sachs and Citibank have not said they are pulling out. The sky news item is just reporting the opinion of the head of the British Banking Association. As we know, the pre referendum forecasts of these banker spokespeople were totally and utterly wrong.

Do you have any hard facts, as opposed to opinions or forecasts?

[nut flush gooner]

Here's one bank which will be expanding its U.K. operations.....

http://uk.reuters.com/article/uk-handel ... KKCN12J0HA

This is a fact. Not a presumption.

Do you have one single fact to back up your doom laden pro EU argument?

You see it's exactly this sort of thing that I come back with a strong response and get accused of being arrogant/patronising.

I am not talking about retail banking I am talking about investment banking for both corporations and wealthy individuals that takes place in the city. It's always good to see a retail bank create jobs in local areas but it cannot replace the tax take of the likes of Goldman Sachs or Citibank, two of the largest banks in the world. You asked for a bank that has decided to leave the city, well its already started VTB a Russian Bank has said it will pull out of the city.

https://uk.news.yahoo.com/russian-bank- ... 41627.html

The American banks two of whom I have mentioned are seriously considering their UK presence, in the light of the hard brexit that has been intimated by TM. It's all over sky news today.

http://news.sky.com/story/top-banks-pla ... s-10629202

NutFlush please read through your own links.

The Russian bank is talking in terms of scaling down and says it actions will depend on the outcome of Brexit.

Goldman Sachs and Citibank have not said they are pulling out. The sky news item is just reporting the opinion of the head of the British Banking Association. As we know, the pre referendum forecasts of these banker spokespeople were totally and utterly wrong.

Do you have any hard facts, as opposed to opinions or forecasts?

VTB have already said they are going. It's all over bloomberg TV whenever they talk about Brexit and banking. Will carry on reply when I can get to a desktop PC.

[nut flush gooner]

Here's one bank which will be expanding its U.K. operations.....

http://uk.reuters.com/article/uk-handel ... KKCN12J0HA

This is a fact. Not a presumption.

Do you have one single fact to back up your doom laden pro EU argument?

You see it's exactly this sort of thing that I come back with a strong response and get accused of being arrogant/patronising.

I am not talking about retail banking I am talking about investment banking for both corporations and wealthy individuals that takes place in the city. It's always good to see a retail bank create jobs in local areas but it cannot replace the tax take of the likes of Goldman Sachs or Citibank, two of the largest banks in the world. You asked for a bank that has decided to leave the city, well its already started VTB a Russian Bank has said it will pull out of the city.

https://uk.news.yahoo.com/russian-bank- ... 41627.html

The American banks two of whom I have mentioned are seriously considering their UK presence, in the light of the hard brexit that has been intimated by TM. It's all over sky news today.

http://news.sky.com/story/top-banks-pla ... s-10629202

NutFlush please read through your own links.

The Russian bank is talking in terms of scaling down and says it actions will depend on the outcome of Brexit.

Goldman Sachs and Citibank have not said they are pulling out. The sky news item is just reporting the opinion of the head of the British Banking Association. As we know, the pre referendum forecasts of these banker spokespeople were totally and utterly wrong.

Do you have any hard facts, as opposed to opinions or forecasts?

VTB have already said they are going. It's all over bloomberg TV whenever they talk about Brexit and banking. Will carry on reply when I can get to a desktop PC.

Edit: Here is the FT article clarifying.

https://www.ft.com/content/94667d58-8b5 ... 9f5696c731

Note the comments from the head of Citicorp in the article. This is no longer a scaremongering story, it's reality.

Things will become clearer when the banks finalise their plans for the UK over the next year, but to say the status quo will remain is unreasonable. Banks don't say things like we may leave London just for the fun of it. They are all looking at their strategic presence here and if it is better to relocate then that is exactly what they will do. Some will move into Europe, others will move back to the US.

This is hard nosed business, no sentimentality exists in this world.

[Allgunsblazin]

For NutFlush.....
sympathy for your recent illness. But this does not excuse you from your quite pratish behaviour in this thread.
You will never win an argument or change an opinion by talking down to people.
Rather than imply that people who disagree with you are stupid, you should provide concrete facts to back up your argument. If there are any.

Know all know feck all!....

[GoonerMuzz]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

[nut flush gooner]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

So a rich banker working in London highly mobile gets told his job is going to Frankfurt or Dublin, the bank want to keep him but he has to relocate and they will do everything to ensure a smooth transition for him (accommodation, schooling for kids, relocation bonus etc etc).

Then the working class factory worker gets told the local factory is closing because the parent company are relocating into the EU so that they don't have any issues with exports. Job goes , not a lot of local alternatives, pressure on family finances etc etc.

It isn't the rich who suffer from brexit, it's the people who voted for it. That's what really grates me it's like people still don't get how bad a low exchange rate is for their standard of living, it will take higher prices and less money in their pockets before it finally sinks in.

[Allgunsblazin]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

Nailed it in one GoonerMuzz, on the subject of Bankers, the Pariahs whom we trusted with our lives and who got us into this whole mess by playing casino banking and broke our economy along with small and medium sized businesses and one man bands going to the wall, saved by the likes of you and I (taxpayers), propped up by the State, I would call them ungrateful parasites and would personally show them the door along with those who support them.
Honestly the bankers whinge at anything, suppose they would like another juicy hand out to keep them here, and don't you just love those British banks that farmed call centres out to India, where was the thought for British workers there?

[nut flush gooner]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

Nailed it in one GoonerMuzz, on the subject of Bankers, the Pariahs whom we trusted with our lives and who got us into this whole mess by playing casino banking and broke our economy along with small and medium sized businesses and one man bands going to the wall, saved by the likes of you and I (taxpayers), propped up by the State, I would call them ungrateful parasites and would personally show them the door along with those who support them.
Honestly the bankers whinge at anything, suppose they would like another juicy hand out to keep them here, and don't you just love those British banks that farmed call centres out to India, where was the thought for British workers there?

I think in two paragraphs you displayed your understanding or lack of it in the banking system. It was investment banking that caused the financial crisis in 2007-09. Pre 2007 the square mile's tax take was enough to pay for the education budget for the whole of the UK, but funnily enough while the money was coming in no one battered an eyelid. What I would like to know is what you're interpretation of "casino" banking is and why it caused the financial crisis. It's easy to come out with cliched comments, but unless you knew what really happened in my opinion all you are saying on a forum like this are hollow words.

If you look at retail banking, yes there was a phase of jobs going out to India but a hell of a lot of them have come back to the UK simply because wages in India have gone through the roof, so there isn't anywhere near the financial benefit for banks to outsource in the same way as 10 years ago.

With regards to Brexit again I re-iterate if the bankers leave London, we do not win as a individuals, families or most importantly as a country.

[Allgunsblazin]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

Nailed it in one GoonerMuzz, on the subject of Bankers, the Pariahs whom we trusted with our lives and who got us into this whole mess by playing casino banking and broke our economy along with small and medium sized businesses and one man bands going to the wall, saved by the likes of you and I (taxpayers), propped up by the State, I would call them ungrateful parasites and would personally show them the door along with those who support them.


Honestly the bankers whinge at anything, suppose they would like another juicy hand out to keep them here, and don't you just love those British banks that farmed call centres out to India, where was the thought for British workers there?

I think in two paragraphs you displayed your understanding or lack of it in the banking system. It was investment banking that caused the financial crisis in 2007-09. Pre 2007 the square mile's tax take was enough to pay for the education budget for the whole of the UK, but funnily enough while the money was coming in no one battered an eyelid. What I would like to know is what you're interpretation of "casino" banking is and why it caused the financial crisis. It's easy to come out with cliched comments, but unless you knew what really happened in my opinion all you are saying on a forum like this are hollow words.

If you look at retail banking, yes there was a phase of jobs going out to India but a hell of a lot of them have come back to the UK simply because wages in India have gone through the roof, so there isn't anywhere near the financial benefit for banks to outsource in the same way as 10 years, ago.

With regards to Brexit again I re-iterate if the bankers leave London, we do not win as a individuals, families or most importantly as a country.

Your arrogance is somewhat Merkelesque!
You can dress it up as much as you like, but they all come under the same flag.
British taxpayers bailed them out! what do you not understand about that.

October 2001 was the start of the Enron Corporation Scandal, which not only affected the US but involved the UK banking sector remember the Natwest three? under the flag of RBS, remember the guy that slit his wrists in the park?
From that day the banking sector lost its credibility and the knock on effects would have serious repercussions going forward, and banking has not fully recovered since that date.
So yes mon cherie, I understand more than what you think and I know a rogue at ten paces when I see one....

So I make you six years out from your start date of 2007....

[Henry Norris 1913]

Stop fretting people! Chippy told us brexit won't be happening anyway so there's nothing to worry about

[DB10GOONER]

Stop fretting people! Chippy told us brexit won't be happening anyway so there's nothing to worry about

None of this will matter a fuck either way after the US Presidential Election - or The End Times as it is also known.

Scenario A: Forrest Trump gets elected and accidentally launches the entire US Missile defence at Russia whilst trying to phone up a Dominos. Russia responds in kind and the entire world is destroyed by nuclear (or nucular as The Donald would say!) Armageddon.

Scenario B: Satan's Cum Bucket Hillary Cunton gets elected and God, Buddha, Allah and Krishna all get together and decide fuck it there is only so much evil that can be tolerated and bring about the Apocalypse. Even Satan admits in a last email to God that "Yeah, my bad. Hillary was a step too far."

So nuclear Armageddon or Biblical Apocalypse.

Either way, Brexit is gonna be to world events what Robbie Savage was to Champions League football.

[nut flush gooner]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

Nailed it in one GoonerMuzz, on the subject of Bankers, the Pariahs whom we trusted with our lives and who got us into this whole mess by playing casino banking and broke our economy along with small and medium sized businesses and one man bands going to the wall, saved by the likes of you and I (taxpayers), propped up by the State, I would call them ungrateful parasites and would personally show them the door along with those who support them.


Honestly the bankers whinge at anything, suppose they would like another juicy hand out to keep them here, and don't you just love those British banks that farmed call centres out to India, where was the thought for British workers there?

I think in two paragraphs you displayed your understanding or lack of it in the banking system. It was investment banking that caused the financial crisis in 2007-09. Pre 2007 the square mile's tax take was enough to pay for the education budget for the whole of the UK, but funnily enough while the money was coming in no one battered an eyelid. What I would like to know is what you're interpretation of "casino" banking is and why it caused the financial crisis. It's easy to come out with cliched comments, but unless you knew what really happened in my opinion all you are saying on a forum like this are hollow words.

If you look at retail banking, yes there was a phase of jobs going out to India but a hell of a lot of them have come back to the UK simply because wages in India have gone through the roof, so there isn't anywhere near the financial benefit for banks to outsource in the same way as 10 years, ago.

With regards to Brexit again I re-iterate if the bankers leave London, we do not win as a individuals, families or most importantly as a country.

Your arrogance is somewhat Merkelesque!
You can dress it up as much as you like, but they all come under the same flag.
British taxpayers bailed them out! what do you not understand about that.

October 2001 was the start of the Enron Corporation Scandal, which not only affected the US but involved the UK banking sector remember the Natwest three? under the flag of RBS, remember the guy that slit his wrists in the park?
From that day the banking sector lost its credibility and the knock on effects would have serious repercussions going forward, and banking has not fully recovered since that date.
So yes mon cherie, I understand more than what you think and I know a rogue at ten paces when I see one....

So I make you six years out from your start date of 2007....

This is quality !

I remember Enron very well, working for an Accountancy firm at the time, and constantly winding up my auditing colleagues. It has NOTHING to do with the banks lmao, it was an accounting misrepresentation that brought down it's auditors too, Arthur Anderson who pocketed millions of dollars in fees but "cooked the books".

The banking crisis wasn't caused by Natwest, RBS or people slitting their wrists in Parks. It originated in the US in the form of mortgage backed securities that where not watertight. What is a mortgage backed security? To put it simply it is a debt that is repackaged and sold onto another lender. Because of this banks became very lax in their lending, giving money to people and businesses that had never been properly assessed to see if they could repay their loans. Of course the pack of cards came down, when the people started defaulting on loans/mortgages in the US. The banks balance sheets could not cope, and Lehman Brothers went bust. This was the catalyst for a Global crisis which impacted our banks as well.

When you have the bare faced cheek to call someone "Merkelesque" and arrogant, you really need to look a bit closer to home because the last two posts show how much you really know and understand about the issues surrounding Brexit.

BTW there is nothing arrogant about Merkel, not sure where you get all this from. She is no different to TM.

[Gunner Rob]

The problem seems to be that the misguided people at the top and in the media are basing the outcome of Brexit on peoples feelings about the economy, unfortunately as with the whole campaign when it was fought they are missing the simple point that a large number of people who voted leave are less concerned about it because it will impact them less.

When you are at the bottom, poor and have limited prospects things really can't get a great deal worse...... on the other hand if you are rich and things go bad they can go spectacularly bad

The complete and utter misunderstanding of the feelings of a large proportion of the people of this country has led us exactly to where we are now and as can be seen from comments on this thread people are still not learning

this attitude is something I just do not understand.
why can't things get a lot worse? we have become a very pampered population here in the UK who mostly don't know what "real poverty" is anymore.
ironically of course we have become that pampered and wealthier country BY BEING IN THE EU.