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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
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
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
"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
That was after Barclays moved it'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
"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
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/
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/
But this ÂŁ1 Trillion is not important, according to Boris Johnson who announced a new deal with India worth ÂŁ1 Billion.
That'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
That'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
ÂŁ1Bn is just over 2x as much as the VALUE OF THE SHARES RISHI SUNAK'S WIFE OWNS IN MAIN COMPANY IN THE DEAL!
Akshata Murphy owns ÂŁ430M of shares in Infosys
She'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
Akshata Murphy owns ÂŁ430M of shares in Infosys
She'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
