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So the UK is finished says Theresa Mayhem

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they have not gone yet, the days of sat in a office are just about over

 

"I don't see the foreign exchange market moving, the investment grade bond market moving, the equity market moving and the high-yield bond market moving."

 

And who said that and when?

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they have not gone yet, the days of sat in a office are just about over

 

"I don't see the foreign exchange market moving, the investment grade bond market moving, the equity market moving and the high-yield bond market moving."

 

And who said that and when?

 

Stuart Gulliver HSBC. And what they say and what they do are two different things. The big players already have presence in European capitals. The comparative regulatory regimes a couple of years down the line are unknown at present so anything could happen.

Edited by woolley

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they have not gone yet, the days of sat in a office are just about over

 

"I don't see the foreign exchange market moving, the investment grade bond market moving, the equity market moving and the high-yield bond market moving."

 

And who said that and when?

 

on your bbc link........

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Ahh...a cherry picked comment.

 

How about these from the same interview:

 

"Specifically what will happen is those activities covered specifically by European financial regulation will need to move, looking at our own numbers – that’s about 20% of the revenue,"

 

 

Gulliver said around 1,000 bankers in HSBC's investment banking and markets divisions would "probably need, in our case, to go to France." But more concerning is the uncertainty around the future of foreign staff in the UK.

"So the bigger issue, as you say, is about EU nationals, because we have about 2,100 EU nationals working for us in the UK and we have about 1,300 non-EU nationals working for us in the UK under work permits, so the evolution of the work permit immigration policy is of considerable interest because, clearly, we want to be able to get the best possible people," Gulliver said.

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they have not gone yet, the days of sat in a office are just about over

 

"I don't see the foreign exchange market moving, the investment grade bond market moving, the equity market moving and the high-yield bond market moving."

 

And who said that and when?

 

on your bbc link........

 

He only reads the headlines and looks at the pictures.

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out of 1 million jobs in the uk 2000 jobs may move

 

hardly groundbreaking

 

Yes...only 2000 jobs may move....

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He only reads the headlines and looks at the pictures.

 

 

You forgot to call me a "liberal" or "libtard"...you're slipping

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Ahh...a cherry picked comment.

 

How about these from the same interview:

 

"Specifically what will happen is those activities covered specifically by European financial regulation will need to move, looking at our own numbers – that’s about 20% of the revenue,"

 

 

Gulliver said around 1,000 bankers in HSBC's investment banking and markets divisions would "probably need, in our case, to go to France." But more concerning is the uncertainty around the future of foreign staff in the UK.

"So the bigger issue, as you say, is about EU nationals, because we have about 2,100 EU nationals working for us in the UK and we have about 1,300 non-EU nationals working for us in the UK under work permits, so the evolution of the work permit immigration policy is of considerable interest because, clearly, we want to be able to get the best possible people," Gulliver said.

So what he's doing is provoking a negotiation with the government about work permits for his foreign staff. In business you need to read between the lines.

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He only reads the headlines and looks at the pictures.

 

 

You forgot to call me a "liberal" or "libtard"...you're slipping

 

You're right. I'm going soft. Thanks for the heads up.

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out of 1 million jobs in the uk 2000 jobs may move

 

hardly groundbreaking

 

Yes...only 2000 jobs may move....

 

and it wont be the high end that move, if anybody

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Ahh...a cherry picked comment.

 

How about these from the same interview:

 

"Specifically what will happen is those activities covered specifically by European financial regulation will need to move, looking at our own numbers – that’s about 20% of the revenue,"

 

 

Gulliver said around 1,000 bankers in HSBC's investment banking and markets divisions would "probably need, in our case, to go to France." But more concerning is the uncertainty around the future of foreign staff in the UK.

"So the bigger issue, as you say, is about EU nationals, because we have about 2,100 EU nationals working for us in the UK and we have about 1,300 non-EU nationals working for us in the UK under work permits, so the evolution of the work permit immigration policy is of considerable interest because, clearly, we want to be able to get the best possible people," Gulliver said.

So what he's doing is provoking a negotiation with the government about work permits for his foreign staff. In business you need to read between the lines.

 

 

Which he'll get, as May and others have already said Britain is open for business and will do whatever it takes to attract and retain large corporations. Which is how it should be. The ability to write our own regulations means we can pick and choose whatever we like to make ourselves competitive. Doesn't sound like a negative to me.

Edited by Lxxx
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Made me smile from the usually dour businessmen of the European Powerhouse:

 

"When the audience was asked how many of them welcomed Brexit, only one hand went up - and it turned out that belonged to a businessman who wanted more EU reform and was fed up with Britain slowing things down."

 

From a Brexit seminar in Berlin as reported by the appallingly left-wing BBC. Worth a read : http://www.bbc.co.uk/news/business-38707997

 

 

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Made me smile from the usually dour businessmen of the European Powerhouse:

 

"When the audience was asked how many of them welcomed Brexit, only one hand went up - and it turned out that belonged to a businessman who wanted more EU reform and was fed up with Britain slowing things down."

 

From a Brexit seminar in Berlin as reported by the appallingly left-wing BBC. Worth a read : http://www.bbc.co.uk/news/business-38707997

 

 

lets see how smug they are when the usa stops trade

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