17-07-2019, 10:32 AM
12
Re: Deutsche bank starts to implode ...
Originally Posted by swimfeeders
->
HiI know that.
Read my post, it clearly stated that the bank has moved it's UK Office to Germany.
https://www.ubs.com/uk/en/wealth-man.../about-us.html
UBS did what Barclays did and moved assets to the EU zone. Banks do this all the time its called "the way the banking and finance sector works".
17-07-2019, 11:11 AM
13
Re: Deutsche bank starts to implode ...
Originally Posted by Bread
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It hasn't - its office is still here https://www.ubs.com/uk/en/wealth-man.../about-us.html
UBS did what Barclays did and moved assets to the EU zone. Banks do this all the time its called "the way the banking and finance sector works".
Things are being moved out of the UK because of Brexit.
https://www.fnlondon.com/articles/ub...moves-20181101
https://www.bloomberg.com/news/artic...u-k-operations
The Investment and broking sides are where the money is made and tax payable will now be in Germany and not the UK.
17-07-2019, 11:28 AM
14
Re: Deutsche bank starts to implode ...
Originally Posted by swimfeeders
->
HiThings are being moved out of the UK because of Brexit.
https://www.fnlondon.com/articles/ub...moves-20181101
https://www.bloomberg.com/news/artic...u-k-operations
The Investment and broking sides are where the money is made and tax payable will now be in Germany and not the UK.
They are moving assets - they are still here.
Before you said they moved their head office which was completely wrong now you are saying they are moving, which is still wrong.
Banks do this all the time - Barclays did it as well, moving billions in assets to Dublin and if you remember, it was good old Deutsche Bank that apologised for talking bollocks about the number of people they were moving to Frankfurt from London as well.
The moving of resources is/was for passporting in case that the EU refuse us the right to operate from London without an EU office. However, back in November last year it looks like the financial arrangements post Brexit are agreed anyway. Besides, the last thing the banks want is to stay in the EU Financial Services Framework - after Brexit they will have a lot more freedom if we deregulate, which will also collapse Paris and Frankfurt when the banks move from there to over here.
A Corbyn Government was the bigger threat and the real reason the banks got twitchy in 2017 during the GE.
... and as a final note ... here is what Bloomberg have done since the referendum - I see you quoted them earlier.
https://www.theguardian.com/artandde...tecture-review
17-07-2019, 01:21 PM
15
Re: Deutsche bank starts to implode ...
Originally Posted by swimfeeders
->
HiThings are being moved out of the UK because of Brexit.
https://www.fnlondon.com/articles/ub...moves-20181101
https://www.bloomberg.com/news/artic...u-k-operations
The Investment and broking sides are where the money is made and tax payable will now be in Germany and not the UK.
17-07-2019, 01:42 PM
16
Re: Deutsche bank starts to implode ...
Originally Posted by Solasch
->
Maybe 1,800 years from now,” says Bloomberg, “people will discover the ruins of our building too.” They may well marvel at this latter-day sustainable temple of financial reporting – if, by then, it hasn’t been painstakingly deconstructed post-Brexit, and moved with the rest of the industry to Frankfurt.
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