MercoPress. South Atlantic News Agency
Big banks moving out of London to Dublin, Frankfort, Paris
Barclays is in talks with Irish regulators about expanding its presence in Dublin in the run up to Brexit. It is the latest financial company to indicate how it is repositioning to cope with the UK's exit from the EU. Read full article
Comments
Disclaimer & comment rulesMisleading Headline MercoPress. Banks are not moving out of London - none are. All they are doing is increasing business range in an exiting major EU branch so they can carry on full normal money transfer business in/out of Sterling/Euro area depending on whatever final Brexit looks like.
Jul 15th, 2017 - 12:30 pm - Link - Report abuse +3All agree that in the end if Brussels tries to force all Euro exchange into EU area it will actually cost EU more and be less efficient - not cost the UK more!
Same as EasyJet - they are just making sure they are registered both sides of the Channel - others will logically follow suit.
Constitutional Crisis
Jul 15th, 2017 - 08:07 pm - Link - Report abuse -2Plunging Pound
Banks fleeing
Growth Stalling
Clock ticking
Are you off your trolley, the UK existed and prospered before joining the “ Common Market ” that's what the the UK voted for.They did not vote on a Europe ruled by France and Germany.
Jul 15th, 2017 - 08:53 pm - Link - Report abuse +2Um, yes they did Golfcronie. 23rd June last year, remember? We voted to leave Europe to be ruled by France and Germany.
Jul 15th, 2017 - 09:18 pm - Link - Report abuse +1@Tr0lListic_Approach
Gloating is bad karma...
Troll- where is the plunging £? was down to $1.20 a while back - been up around the 1/30 area now for a week or two. Many Int finance pundits reckon the £ could be US1.35 by year end.
Jul 15th, 2017 - 09:31 pm - Link - Report abuse +1How was the UK ruled by France and Germany when the UK had special benefits no other country had inside the EU, had secured even more such special “Diva deals”, and was not part of the Euro (unlike Denmark that was not but had an obligation to join, UK did not), not part of Schengen, still used local measuring units, still drove on their own side...
Jul 16th, 2017 - 03:27 am - Link - Report abuse -2If the EU was meant to crush the so-called uniqueness of the UK, it did a pretty terrible job.
@trollibag, no banks are leaving, the pound is not plunging, growth is still happening. Trolli have you a wish to become the new hepatia?
Jul 16th, 2017 - 07:45 am - Link - Report abuse +2Trollboy, France and Germany created the EU - as THEY wanted it - and generally agreed on its direction. They didn't need exceptions because the laws they objected to simply did not get passed. If the UK had its way, no country would be using the Euro, and you can't deny that many of them would be better off as a result. And by the way, Denmark does have an opt-out from joining the Euro, while all the other countries are just using a loophole not to join.
Jul 16th, 2017 - 08:19 am - Link - Report abuse +3Britain did sometimes get what it wanted, for example on EU expansion where the UK pushed to allow Eastern European countries to join, but most often not. The biggest source of tension was that France and Germany wanted 'ever closer union' and Britain thought that what we had was already too much. But in a group of three the two who agree will usually get their way.
Anyway, now Britain is leaving it is finally true to say that France and Germany rule the EU, which may not be to the benefit of the smaller countries.
Trollibag, ask the Greeks how they feel about the EU. The people have lost everything yet their politicians are all fine. The south eastern states have already started ignoring EU dictates.
Jul 16th, 2017 - 01:18 pm - Link - Report abuse +2Commenting for this story is now closed.
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