England maybe leave EU june 23.

[duckzilla]

Dinosaurs went extinct before WW2 started

Birds still living descendents tho

[fightinfrenchman]

Dinosaurs went extinct before WW2 started

Birds still living descendents tho

Not true, dinosaurs did not have feathers. That's a lie scientists tell you

[RefluxSemantic]

Actually some people have dino dna so I'd argue dinos are not extinct.

[princeofcarthage]

Actually some people have dino dna so I'd argue dinos are not extinct.

Gonna need source on that mate

[RefluxSemantic]

Actually some people have dino dna so I'd argue dinos are not extinct.

Gonna need source on that mate

[princeofcarthage]

Thought so

[duckzilla]

Dinosaurs went extinct before WW2 started

Birds still living descendents tho

Not true, dinosaurs did not have feathers. That's a lie scientists tell you

Who said something about feathers? An animal can be naked and its descendents still grow hair or feathers due to evolutionary advantages. Do you learn evolutionary theory in school or is it all bible study?

[Horsemen]

The political plan, as far as I understood, was to deepen the US-UK ties while trying to revitalize the Commonwealth ties, optimally forming some sort of Commonwealth trade block.
So far, the former has failed after Trumps departure and the latter is somewhat progressing, but to immensely unfavorable conditions for the UK (see the latest UK-Aus deal).

How do you Brits think about the prospects?

We beat Germany in football so I guess it’s going pretty well

That's close to how Victor Orban views the draw between Hungary and Germany. You planned to leave Europe and yet you ended up in its South East. Congrats!

“USA wins 1-1”

[pecelot]

this thread's name triggers me every time I see it

[Dolan]

Idc much about this subject anymore, but I thought I'd share this

[Djigit]

Should have moved to Amsterdam.

[Dolan]

Maybe they were afraid that if enough icebergs melt, it would turn into Venice 2

[Djigit]

Maybe they were afraid that if enough icebergs melt, it would turn into Venice 2

No reason for thish to happen with the growth of ESG investing trends

[Horsemen]

Idc much about this subject anymore, but I thought I'd share this

What matters is where deals are originated, not where trades are booked.

[duckzilla]

What matters is where deals are originated, not where trades are booked.

It might be that it matters more. But if you have 100% of something and lose 10%, it is still a loss. But hey, congratulations for keeping something (probably)!

[Horsemen]

What matters is where deals are originated, not where trades are booked.

It might be that it matters more. But if you have 100% of something and lose 10%, it is still a loss. But hey, congratulations for keeping something (probably)!

It would be a huge gain if we could roll back MIFID tbh

[Dolan]

Idc much about this subject anymore, but I thought I'd share this

What matters is where deals are originated, not where trades are booked.

If JPM moves their trading hub from London to Paris, doesn't that mean most of their deals will originate in Paris.
Otherwise, why would they even move it. If this has consequences for how those deals are taxed in the EU, then they'd rather use Paris, right? If they made them go through London, they'd get tariffed too.

[Horsemen]

Idc much about this subject anymore, but I thought I'd share this

What matters is where deals are originated, not where trades are booked.

If JPM moves their trading hub from London to Paris, doesn't that mean most of their deals will originate in Paris.
Otherwise, why would they even move it. If this has consequences for how those deals are taxed in the EU, then they'd rather use Paris, right? If they made them go through London, they'd get tariffed too.

No because most of the people who speak to clients will still be in London

[Dolan]

Idk, the JPM boss seems to imply Paris is going to be their main hub for European trading in general:

https://www.nasdaq.com/articles/jpmorga ... 2021-06-30

JPMorgan has chosen Paris as its main trading hub for all of its European debt trading in a push to shift jobs out of London after Brexit. Yesterday, France’s president Emmanuel Macron inaugurated the bank’s new headquarter in the city, which has six trading floors and is expected to witness a daily trading volume of $300-$400 billion, per JPMorgan’s CEO Jamie Dimon.
The new premise in Paris is connected to JPMorgan’s existing offices on the Place Vendome, and is close to the Louvre museum and Tuileries gardens.

Dimon stated, “All European trading, which is stocks, bonds, and derivatives will be going through here.”
Notably, the Wall Street giant now aims to have 800 staff in its Paris office by the end of 2022, marking an increase from 260 in early 2020.
Although initially JPMorgan was not very keen on increasing its presence in Paris because of the French labor laws, now, it views the city as a key financial hub for conducting business within the European Union post Brexit.
Along with Paris, JPMorgan has big trading hubs in Amsterdam, Dublin and Frankfurt.

Like JPMorgan, other financial institutions have also been implementing post-Brexit plans and are relocating staff to the different financial hubs in the continent. While there are a few options available, Paris has been particularly chosen widely as a hub for investment bank sales and trading.
Goldman Sachs GS has signed a lease in Paris to open a stock trading venue, which will go by the name SIGMA X. Also, Bank of America BAC has boosted its local hiring effort in Paris. Furthermore, HSBC Holdings announced last year that it was moving as many as 1,000 jobs to France from Canary Wharf.

There's no proper comparison, though, to see how many jobs were shifted from London and how many were kept.

[Dolan]

Former mastermind behind the Brexit campaign says Brexit was a mistake:



Now that's climate change.

[princeofcarthage]

@Dolan assume there were 8000 jobs and 1000 jobs were shifted to paris. And if it was a direct result of Brexit, that's still a net loss though

[Dolan]

I think it's a mix between loss and diversification

[princeofcarthage]

Well you could. argue diversification in normal circumstances, but how when it's the direct result of Brexit and might not have happened in other situation?

[Horsemen]

Longdong is the world financial hub

[duckzilla]