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Wanderers Ways. Neil Thompson 1961-2021

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Posted
Just now, Dimron said:

I wouldn't be surprised if Johnson fucks off after Brexit is done and dusted, he's done his bit and I hear he is complaining about being overworked and underpaid, can't pay the Nanny etc. etc. The columns etc. were paying him hundreds of thousands... self serving bastard like the rest of them

I said a good while back that it wouldn't surprise me if he does one post brexit.

As for the money: he has openly said he believes mps shouldn't be getting a pay rise. Despite the independent review body recommending an increase of over 4 %.

Can't see many voting for it.

Posted
17 minutes ago, Dimron said:

Taking back an individual State's Sovereignty has a price over belonging to a global trading bloc. That price was never properly determined, unfortunately if that price is now seen as too much our politicians cannot say "okay, we'll stay in" because that will be the end of their careers. We're now stuck with guys trying to piss higher up the wall than the others.

Brexit was built on two pillars, the money we spend on EU Membership can be saved and Johnny Foreigner will not want to lose his export market so it'll be win and win, eating the cake and so on... trouble is Covid has virtually destroyed all markets so the 27 States of the EU have to rebuild with or without us in the equation which destroys the second critical pillar of Brexit.

 

 

 

We can't "stay in", as we've actually left, from 31 Jan this year

Posted
8 minutes ago, Duck Egg said:

I think the vast majority of the UK would be like a tramp on chips for that option now.

ho, ho, ho

Posted
3 minutes ago, Dimron said:

I wouldn't be surprised if Johnson fucks off after Brexit is done and dusted, he's done his bit and I hear he is complaining about being overworked and underpaid, can't pay the Nanny etc. etc. The columns etc. were paying him hundreds of thousands... self serving bastard like the rest of them

Once it's done, his own party will have the knives out for him, he'll be gone within six months. He's fucking shit, the thing is I'm not sure there are many who are much better

Posted
Just now, Tonge moor green jacket said:

Me neither. 48% maybe....

Best of 3?

Posted
1 minute ago, boltondiver said:

We can't "stay in", as we've actually left, from 31 Jan this year

Never said we can stay in, I expect they discussed shit sandwiches over dinner last night.

We're stuck with it and only time will tell

Posted
2 minutes ago, Dimron said:

Never said we can stay in, I expect they discussed shit sandwiches over dinner last night.

We're stuck with it and only time will tell

indeed, time will tell

Posted
2 minutes ago, Tonge moor green jacket said:

I said a good while back that it wouldn't surprise me if he does one post brexit.

As for the money: he has openly said he believes mps shouldn't be getting a pay rise. Despite the independent review body recommending an increase of over 4 %.

Can't see many voting for it.

I actually think MPs should be paid more, they get next to fuck all, its around £80K per year, anybody half decent in the private sector can easily earn double that. They need to pay a lot more to attract the best.

The Prime Minister salary really is fuck all, about £150K per year, balls to that. I guess the big bucks come after you finish as PM though

Posted

We are leaving and we should because that was chosen by the vote.

That hasn’t been the issue for 4 years

It’s HOW we leave that matters.

And it’s how we leave that’s being dealt with like a schoolyard scrap over some fucking marbles. By both sides.

Posted
5 minutes ago, Tonge moor green jacket said:

I'm fascinated to hear that markets have been destroyed by covid too.

Port backlogs suggest not.

Although reduction in GDP for almost every nation on earth suggests it has.....

Posted

If I had to bet money, I still think there’ll be a deal and they’ll all act like they’ve pulled a rabbit out of the hat etc etc

I’m fed up of the entire shitshow 

Posted

I understand people’s worries and fears about what this will all mean. I have been affected more than most on here. How you handle and deal with it differs with everyone. Like everything else that life brings, we’ll get over it.

Anyway, just watching Bridge of Spies (again). It includes an American version of this.

This was a public information film in 1975. If this was broadcast today, can you imagine the meltdown on social media? Made of sterner stuff back in the day.

 

Posted
16 minutes ago, Sweep said:

Although reduction in GDP for almost every nation on earth suggests it has.....

That's not destruction is it. Reduction yes. Big difference.

Hence so much government funding to keep them afloat. If they had been destroyed then the government wouldn't be spending. 

Posted
26 minutes ago, Sweep said:

I actually think MPs should be paid more, they get next to fuck all, its around £80K per year, anybody half decent in the private sector can easily earn double that. They need to pay a lot more to attract the best.

The Prime Minister salary really is fuck all, about £150K per year, balls to that. I guess the big bucks come after you finish as PM though

I've never earned 80k a year

Posted
28 minutes ago, Spider said:

If I had to bet money, I still think there’ll be a deal and they’ll all act like they’ve pulled a rabbit out of the hat etc etc

I’m fed up of the entire shitshow 

And they'll all be "legends" in their own minds

Posted
10 minutes ago, Dimron said:

I've never earned 80k a year

Nevermind, there's still time, maybe you just need to change career or work a bit harder mate.

Posted

Morgan Stanley to Shift $120 Billion of Assets to Germany

By 
10 December 2020, 11:11 GMT Updated on 10 December 2020, 12:59 GMT
  •  
    Wall Street firm has already moved bankers to Frankfurt, Paris
  •  
    Banks are beefing up their operations in the European Union

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Morgan Stanley plans to move about 100 billion euros ($120 billion) of assets to Frankfurt, the latest Wall Street bank to shift business away from the U.K.

 
 

The U.S. lender expects to transfer the bulk of the assets in the first quarter of next year, when the transition period for Britain’s exit from the European Union will likely have elapsed, people familiar with the matter said. They will sit in the Frankfurt-based subsidiary Morgan Stanley Europe SE, the people said, asking not to be named discussing private information.

 
 

A spokeswoman for Morgan Stanley declined to comment.

 
 

The planned asset shift is the latest sign in recent months of business moving from London to the European Union as Britain’s transition period nears an end without a financial-services deal in sight. That’s fueling worries among some U.K. financiers that London’s dominant position will gradually be eroded in the coming years as the realities of Brexit set in, hampering one of the country’s biggest industries.

 
 

Morgan Stanley’s move is in line with efforts by several other U.S. banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. to beef up their EU operations amid Brexit. Non-German lenders are moving 400 billion euros of assets to the country by year-end, more than doubling their combined balance sheet there, the Bundesbank has said. The shifts, which for JPMorgan included 200 billion euros in assets and 200 staff, are just the “first wave,” Dorothee Blessing, the co-head of the firm’s European investment banking unit, said in September.

Morgan Stanley has already moved people from London to various EU locations including Madrid and Milan, and it started a trading venue in Paris in 2018. The bank, which has more than 5,000 staff in London, currently employs about 350 people in Frankfurt and the entity had 14 billion euros in assets at the end of 2019.

A Bigger Bank

Morgan Stanley will massively expand its balance sheet in Germany

Source: Company filings, anonymous sources, own calculations

Note: 2021 figure based on estimates that haven't been confirmed by company

The bank last year moved into Frankfurt’s latest high-rise development known as Omniturm. It has leased office space that can accommodate as many as 600 staff.

Other banks to beef up in Germany’s financial hub include Citigroup Inc., UBS Group AG and Standard Chartered Plc.

Read more on asset shifts

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Get caught up with the Evening Briefing.
 
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Elsewhere, Goldman is joining Morgan Stanley in opening a stock platform in Paris while the London Stock Exchange Group Plc’s Turquoise Europe platform went live in Amsterdam on Nov. 30. Consultancy EY said in an October report that the 7,500 roles and 1.2 trillion pounds ($1.6 trillion) in assets that have moved so far may just be the beginning. It expects further shifts in personnel and assets once the U.K.’s transition period officially ends.

“There will be significant change,” Mairead McGuinness, European commissioner for financial services, told Irish lawmakers on Wednesday. “We have to ask ourselves a question about whether we want to be overly reliant on the City of London when it comes to the entire financial sector.”

Read more on the future of the City of London

— With assistance by Nicholas Comfort

(Adds bank’s new office space in sixth paragraph and Brexit context in final
Posted
1 hour ago, Sweep said:

Once it's done, his own party will have the knives out for him, he'll be gone within six months. He's fucking shit, the thing is I'm not sure there are many who are much better

We were told no deal was never going to happen. Hopefully we will get something sorted. 
 

Strange that Gove emerged from the shadows yesterday announcing his bit of the deal is done. Almost as though he was preparing himself. 
 

The idea of another vote although probably morally correct is simply not an option. It just highlights how flawed the original referendum was. No wonder Cameron hides under a rock these days. I say ‘morally correct’ as simply as no deal was dismissed by so many it is pretty certain that the if the vote had been remain or just walk away the 2% needed to sway the vote would’ve been persuaded. 

Posted
13 minutes ago, leigh white said:

Morgan Stanley to Shift $120 Billion of Assets to Germany

By 
10 December 2020, 11:11 GMT Updated on 10 December 2020, 12:59 GMT
  •  
    Wall Street firm has already moved bankers to Frankfurt, Paris
  •  
    Banks are beefing up their operations in the European Union

LISTEN TO ARTICLE

 
2:51

SHARE THIS ARTICLE

 
Share
 
Tweet
 
Post
 
Email

Morgan Stanley plans to move about 100 billion euros ($120 billion) of assets to Frankfurt, the latest Wall Street bank to shift business away from the U.K.

 
 

The U.S. lender expects to transfer the bulk of the assets in the first quarter of next year, when the transition period for Britain’s exit from the European Union will likely have elapsed, people familiar with the matter said. They will sit in the Frankfurt-based subsidiary Morgan Stanley Europe SE, the people said, asking not to be named discussing private information.

 
 

A spokeswoman for Morgan Stanley declined to comment.

 
 

The planned asset shift is the latest sign in recent months of business moving from London to the European Union as Britain’s transition period nears an end without a financial-services deal in sight. That’s fueling worries among some U.K. financiers that London’s dominant position will gradually be eroded in the coming years as the realities of Brexit set in, hampering one of the country’s biggest industries.

 
 

Morgan Stanley’s move is in line with efforts by several other U.S. banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. to beef up their EU operations amid Brexit. Non-German lenders are moving 400 billion euros of assets to the country by year-end, more than doubling their combined balance sheet there, the Bundesbank has said. The shifts, which for JPMorgan included 200 billion euros in assets and 200 staff, are just the “first wave,” Dorothee Blessing, the co-head of the firm’s European investment banking unit, said in September.

Morgan Stanley has already moved people from London to various EU locations including Madrid and Milan, and it started a trading venue in Paris in 2018. The bank, which has more than 5,000 staff in London, currently employs about 350 people in Frankfurt and the entity had 14 billion euros in assets at the end of 2019.

A Bigger Bank

Morgan Stanley will massively expand its balance sheet in Germany

Source: Company filings, anonymous sources, own calculations

Note: 2021 figure based on estimates that haven't been confirmed by company

The bank last year moved into Frankfurt’s latest high-rise development known as Omniturm. It has leased office space that can accommodate as many as 600 staff.

Other banks to beef up in Germany’s financial hub include Citigroup Inc., UBS Group AG and Standard Chartered Plc.

Read more on asset shifts

The day's biggest stories
 
Get caught up with the Evening Briefing.
 
Email
 
 
Bloomberg may send me offers and promotions.
 
Sign Up
 
By submitting my information, I agree to the Privacy Policy and Terms of Service.

Elsewhere, Goldman is joining Morgan Stanley in opening a stock platform in Paris while the London Stock Exchange Group Plc’s Turquoise Europe platform went live in Amsterdam on Nov. 30. Consultancy EY said in an October report that the 7,500 roles and 1.2 trillion pounds ($1.6 trillion) in assets that have moved so far may just be the beginning. It expects further shifts in personnel and assets once the U.K.’s transition period officially ends.

“There will be significant change,” Mairead McGuinness, European commissioner for financial services, told Irish lawmakers on Wednesday. “We have to ask ourselves a question about whether we want to be overly reliant on the City of London when it comes to the entire financial sector.”

Read more on the future of the City of London

— With assistance by Nicholas Comfort

(Adds bank’s new office space in sixth paragraph and Brexit context in final

Rees Mogg's Hedge fund has opened an office in Dublin, Sunak's Fund has shares in Moderna who manufacture vaccines, Ineos Ratcliffe is now going to build his 4x4 in France rather than Wales, Dyson lives in Singapore... these  rats jumping ship are all Brexiteers.

Ever felt you've been taken for a mug?

Posted
41 minutes ago, Sweep said:

Nevermind, there's still time, maybe you just need to change career or work a bit harder mate.

Or maybe I should have concentrated on ripping people off rather than building things

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