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JP Morgan shifts another $200 Billion to Germany From London after #ToryBrexitDisaster as it "expects its EU unit to gain market share in trading, investment banking & commercial banking"
This costs the UK ÂŁ3.8 Billion per week in trading. Last year..
1/ https://www.bloomberg.com/news/articles/2021-05-06/jpmorgan-to-move-another-200-billion-in-assets-on-brexit?utm_source=url_link">https://www.bloomberg.com/news/arti...
This costs the UK ÂŁ3.8 Billion per week in trading. Last year..
1/ https://www.bloomberg.com/news/articles/2021-05-06/jpmorgan-to-move-another-200-billion-in-assets-on-brexit?utm_source=url_link">https://www.bloomberg.com/news/arti...
In 2020 JP Morgan moved $230 Billion of assets from UK to EU ahead of #ToryBrexitDisaster
"In January, the bank had also announced it would significantly expand its Paris hub as part of plans to relocate some services from London after Brexit"
$430Bn
2/ https://www.reuters.com/article/jp-morgan-brexit/update-1-jpmorgan-to-move-230-billion-of-assets-to-germany-ahead-of-brexit-source-idINL3N2GK2VF?edition-redirect=in">https://www.reuters.com/article/j...
"In January, the bank had also announced it would significantly expand its Paris hub as part of plans to relocate some services from London after Brexit"
$430Bn
2/ https://www.reuters.com/article/jp-morgan-brexit/update-1-jpmorgan-to-move-230-billion-of-assets-to-germany-ahead-of-brexit-source-idINL3N2GK2VF?edition-redirect=in">https://www.reuters.com/article/j...
That was after Barclays moved it& #39;s €250 Billion of trade and European HQ to Dublin after plans in 2018.
"switching direct ownership of its French, German and Spanish branches from a British-based entity"
The EU gained ownership from the UK.
3/ https://www.irishtimes.com/business/financial-services/barclays-set-to-become-ireland-s-biggest-bank-thanks-to-brexit-1.3594630?mode=amp">https://www.irishtimes.com/business/...
"switching direct ownership of its French, German and Spanish branches from a British-based entity"
The EU gained ownership from the UK.
3/ https://www.irishtimes.com/business/financial-services/barclays-set-to-become-ireland-s-biggest-bank-thanks-to-brexit-1.3594630?mode=amp">https://www.irishtimes.com/business/...
In fact more than 400 firms have moved over ÂŁ1 Trillion in assets to the EU.
From the UK
As a direct consequence of #ToryBrexitDisaster
The entire GBP of the UK was ÂŁ2 Trillion in 2016.
Half of the value of the UK economy gone.
Just in banking.
4/ https://www.euractiv.com/section/uk-europe/news/brexit-sparks-1-trillion-uk-assets-switch-to-eu-study/">https://www.euractiv.com/section/u...
From the UK
As a direct consequence of #ToryBrexitDisaster
The entire GBP of the UK was ÂŁ2 Trillion in 2016.
Half of the value of the UK economy gone.
Just in banking.
4/ https://www.euractiv.com/section/uk-europe/news/brexit-sparks-1-trillion-uk-assets-switch-to-eu-study/">https://www.euractiv.com/section/u...
But this ÂŁ1 Trillion is not important, according to Boris Johnson who announced a new deal with India worth ÂŁ1 Billion.
That& #39;s India companies profiting in the UK. Not assets
And less than 1/1000th of the assets that banking alone moved to Europe.
5/ https://www.gov.uk/government/news/prime-minister-announces-1-billion-of-new-uk-india-trade">https://www.gov.uk/governmen...
That& #39;s India companies profiting in the UK. Not assets
And less than 1/1000th of the assets that banking alone moved to Europe.
5/ https://www.gov.uk/government/news/prime-minister-announces-1-billion-of-new-uk-india-trade">https://www.gov.uk/governmen...
ÂŁ1Bn is just over 2x as much as the VALUE OF THE SHARES RISHI SUNAK& #39;S WIFE OWNS IN MAIN COMPANY IN THE DEAL!
Akshata Murphy owns ÂŁ430M of shares in Infosys
She& #39;s richer than the Queen.
While the UK loses half of its value of GDP in assets
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤦‍♂️" title="Mann schlägt sich die Hand vors Gesicht" aria-label="Emoji: Mann schlägt sich die Hand vors Gesicht">
6/ https://www.zeebiz.com/india/news-rishi-sunak-wife-akshata-murthy-is-richer-than-the-queen-of-england-she-is-daughter-of-infosys-co-founder-narayan-murthy-142893">https://www.zeebiz.com/india/new...
Akshata Murphy owns ÂŁ430M of shares in Infosys
She& #39;s richer than the Queen.
While the UK loses half of its value of GDP in assets
6/ https://www.zeebiz.com/india/news-rishi-sunak-wife-akshata-murthy-is-richer-than-the-queen-of-england-she-is-daughter-of-infosys-co-founder-narayan-murthy-142893">https://www.zeebiz.com/india/new...
https://twitter.com/lloydhardy/status/1391673128640786433">https://twitter.com/lloydhard...
