4 ms·

What a sad story. My heart is broken. Please everyone, let's start a gofundme campaign for those innocent wholesale banks.

egze 9y ago
Don't worry. They'll use your money to fund the banks without any campaigns.
nerdponx 9y ago
HSBC Holdings Plc was the first bank to spell out the cost of Brexit, forecasting Monday it will have to pay as much as $300 million in relocation and legal costs as it moves 1,000 investment bankers to Paris, about a fifth of its London workforce. Oh dear. 3% of their first-half 2017 profit [0]. What ever will they do? 0: http://www.bbc.com/news/business-40772965 http://www.bbc.com/news/business-40772965
- Zenst 9y ago
  Indeed HSBC is a global bank and with that an indicator upon the fiscal state of the global economy, not the UK, nor Europe. ANy finance jobs that move will be ones involved with EU related business and frankly as it stands I feel financial transactions in a EU members country should be taxed in that country and not cherry picked into one single members coffers. But that alas is the case in so many area's of the EU and a real contentious issue. ANother bigger issue is the single market that allows any EU company to route and pay TAX in a EU members country of choice and in the UK's case we see time and time again large corporations avoiding UK corporation TAX via the use of Ireland and Luxemburg who have special TAX rates. More sad is the latter (Luxemburg) was wholly setup as such by one Mr Junker who went on to become the overall leader of the EU (presidency) and even with his knowledge and expertise this issue has dragged on and still gone unaddressed. This creates unfairness amongst members. Then you have the EURO (UK not part of that) which shifts all QE centrally and as such pegs all members of it into whatever position they joined and if one member needs QE (say Greece) then all other members equaly gain as that single member can no use QE to fix there problem. This means it is extreemly hard, if not impossible for memebrs to climb up the charts, so to speak. But alas many issues and calls for reforms get overlooked and ignored over the years...decades. So you start to see why many wanted to leave the EU and the perception that its all because people are racist is not only narrow minded, but racist in itself. Sadly many parrot on that false perception upon all people who voted to leave and that frankly is vile and wrong. But as to your main point, you are totally right, the effect upon HSBC is negligible at best as they are a global bank.

egze 9y ago

Don't worry. They'll use your money to fund the banks without any campaigns.

nerdponx 9y ago

HSBC Holdings Plc was the first bank to spell out the cost of Brexit, forecasting Monday it will have to pay as much as $300 million in relocation and legal costs as it moves 1,000 investment bankers to Paris, about a fifth of its London workforce. Oh dear. 3% of their first-half 2017 profit [0]. What ever will they do? 0: http://www.bbc.com/news/business-40772965 http://www.bbc.com/news/business-40772965

Zenst 9y ago
Indeed HSBC is a global bank and with that an indicator upon the fiscal state of the global economy, not the UK, nor Europe. ANy finance jobs that move will be ones involved with EU related business and frankly as it stands I feel financial transactions in a EU members country should be taxed in that country and not cherry picked into one single members coffers. But that alas is the case in so many area's of the EU and a real contentious issue. ANother bigger issue is the single market that allows any EU company to route and pay TAX in a EU members country of choice and in the UK's case we see time and time again large corporations avoiding UK corporation TAX via the use of Ireland and Luxemburg who have special TAX rates. More sad is the latter (Luxemburg) was wholly setup as such by one Mr Junker who went on to become the overall leader of the EU (presidency) and even with his knowledge and expertise this issue has dragged on and still gone unaddressed. This creates unfairness amongst members. Then you have the EURO (UK not part of that) which shifts all QE centrally and as such pegs all members of it into whatever position they joined and if one member needs QE (say Greece) then all other members equaly gain as that single member can no use QE to fix there problem. This means it is extreemly hard, if not impossible for memebrs to climb up the charts, so to speak. But alas many issues and calls for reforms get overlooked and ignored over the years...decades. So you start to see why many wanted to leave the EU and the perception that its all because people are racist is not only narrow minded, but racist in itself. Sadly many parrot on that false perception upon all people who voted to leave and that frankly is vile and wrong. But as to your main point, you are totally right, the effect upon HSBC is negligible at best as they are a global bank.