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She runs the bank. Ignore her if you want to. Perhaps you are suggesting that she is deliberately misleading the market - a serious accusation
The one she inherited.
But how is this trustworthy family getting on with their fraud charges?
She did correct, the family have always controlled the bank closely.
No idea, do tell me...not sure what it has to do with Brexit but interesting nonetheless
No idea, do tell me...not sure what it has to do with Brexit but interesting nonetheless
Has everything to do with being trustworthy and you've put your faith in the words of a Botín, I wouldn't.
#Corrupt
Ok take it back, let's all assume that she is lying and that SAN is leaving the UK post-Brexshit despite assurances to the contrary. Happy?
What else can we make up?
I don't know. What are the likely consequences and the consequenses of all those other European companies that are likely to pull out as they have minor business interests in UK?
What else can we make up?
Made up? You have all the answers, do you? Much as you would like to think that you do, I can assure you that you don't. And you don't like that, do you?
And with one snide little comment you put yourself right down there with chewkw.
I don't I am waiting to hear all about the fraud. Please do tell. I also read a lot to try to understand many things including why people are compelled to talks such shite at the moment.
In the meantime I am writing an email to Anna
Dear Ms Botin,
I have been advised that your operations in the UK that generated 20% of group 2016 PAT, close to Brazil's 21% and almost double Spain is now considered a minor business interest. Please can we meet to discuss possible disposal options? As the largest challenger bank in the UK, this will not be difficult and will allow you to focus your efforts on your fraud defence.
Yours,
THM
I wonder if she'll bite? Worth a chance with 2% advisory fees....
[I]Barclays will keep the bulk of its operations in London after Brexit, even if the UK loses access to the single market, chief executive Jes Staley says.[/I]
I read that as "we'll only move the units/people we need to move", and tbh why would you expect them to do anything different?
What matters to the UK (income) is what impact this will have on tax-take (both corporate and personal) and the spending of the employees net earnings. Even if only 100 employees are moved it will have a negative impact, as there won't be many on benefits moving 🙂
You seem to be in denial about the most probable consequences of Brexit on the banking industry post brexit, THM. Speculation or predictions based on probable outcomes? Why would 27 countries leave conditions in place that mean the City is top dog in European banking? The obvious answer is they won't.
[url= https://www.theguardian.com/business/2005/jan/23/spain.money ]https://www.theguardian.com/business/2005/jan/23/spain.money[/url]
[url= https://www.theguardian.com/business/2011/jun/16/santander-botin-family-tax-fraud-probe ]https://www.theguardian.com/business/2011/jun/16/santander-botin-family-tax-fraud-probe[/url]
[url=http://]http://[/url]
[url= http://www.nytimes.com/2012/05/23/business/global/court-closes-tax-case-against-spains-leading-banker.html ]http://www.nytimes.com/2012/05/23/business/global/court-closes-tax-case-against-spains-leading-banker.html[/url]
Fortunately the only crime they committed was that of getting caught and being able to pay it off. Probably in 9 bob notes or Mickey Thomas Tenners.
And you think that she'll honour her word.
#Sucker
Of courses it's a negative if we lose business, that's a given. What is not given is that all the banks in the city of London are planning to leave. That's BS.
We are a long way from knowing what the agreements in financial services are going to be/look like. It is a fair assumption that they will not be as good as now, but that's about it.
#sucker
gee, thanks, who loves yu baby?
btw, those are very impressive googling skills on display. So the most recent article from 2012 states that the case was closed. Hmm...
Very good grounds to assume that Ms Botin is now lying totally and that SAN is about to leave the UK along with all the other banks in the City of London.
Glad that's cleared up. We can send all those retail bankers down't pit and get back't proper graft. Success in rebalancing the economy, Hey this Brexshit stuff is magic isn't it?!?
ED, sorry missed your post. Not in denial at all, I am deeply involved. But prefer perspective to BS even though that approach is very passé these days.
btw, those are very impressive googling skills on display. So the most recent article from 2012 states that the case was closed. Hmm...
Which is precisely why I was somewhat thrown by the fact that someone who is so knowledgeable knew so little of Santander Fraud cases. They all appear on the first Google page. I am aware that they are old cases, I'm also aware that they are cleared up, I did put that link up too.
I am, however, shocked, although not surprised, that you're putting your faith in the words of a woman who has earned her wealth from the hard work of her dead husband, who has a history of being part of a dynasty that has accumulated its wealth on the back of corruption (do some Spanish research for this one) and paid off its debts with the proceeds of crime.
Good on ya.
Glad that's cleared up.
Come clean now, you are chewkw's slightly more arrogant brother, aren't you? Back in your box now.
And heaven forbid that the BoE and the FCA allow her to be here. Shocking isn't it???
Perhaps they will boot her out instead of waiting for her to leave due to Brexshit?
Funny old world. Anything to add to our letter - you can have a cut of the fees for coming up with such a good idea.
In the meantime:
Dear FCA,
A MTB acquaintance and I are most concerned that Ms Botin is allowed to run the UK's largest challenger bank. You appear to be #suckers (join the club). Please sort this out ASAP as its a scandal.
Please also keep us informed as we are seeking a mandate to sell SAN to another bank as we know that no Foreigner would want to own a UK bank now. Why would they?
Silver linings, though, less work for you to do. Fancy a round of golf on Friday...11:00 ok.
Yours
THM
And heaven forbid that the BoE and the FCA allow her to be here. Shocking isn't it???
I don't see the relevance to your earlier point.
She may well be complying, that doesn't change the fact that you're accepting the word of a Botín, who has been demonstrated to be part of a fraudulent business. You think that now she's telling the truth and will honour what she says. I say that she'll say one thing and do what's good for herself and Banco Santander, moreover herself. Of course, we've not seen any dodgy banking practices here in the UK under the watch of the BoE, have we chewkw?
Lol de Lol.
Are you asking me to have faith in you, a banking employee (it's not Santander, is it? I've witnessed how these Spanish banks brainwash their employees, Santander and BBVA alike), I'd rather trust a hooker without a condom. 😛
I appreciate that you are unlikely to see the relevance. It's ok.
Yours,
Chewkw's long lost brother
I appreciate that you are unlikely to see the relevance. It's ok.
I don't understand why you trust a proven fraudester, no. But I guess you think you're smarter than me though.
Not at all, I'm a sucker, you told me so. Still I am in good company.
Dear Governor of the Bank of England,
I am delighted to be offering your membership of SUCKUK. Membership to this club is limited to those fools who are prepared to accept the word of a certain Ms Botin. As you know, she is preparing to leave the UK following the Brexhsit vote,,,,,
....
Yours as ever,
THM
P.S. Golf on Thursday? I have a big match on Friday and need some practice.
teamhurtmore - MemberNot at all, I'm a sucker, you told me so. Still I am in good company.
Dear Governor of the Bank of England,
I am delighted to be offering your membership of SUCKUK. Membership to this club is limited to those fools who are prepared to accept the word of a certain Ms Botin. As you know, she is preparing to leave the UK following the Brexhsit vote,,,,,
....
Yours as ever,
THM
P.S. Golf on Thursday? I have a big match on Friday and need some practice.
And I can take the piss out of you too. I'm probably more subtle though. Suck it up banker.
I would love to suck it up (baby) but I don't work for a bank, sorry.
How subtle is a brick?
How subtle is a brick?
You've lost me now. I wish I'd listened at school.
Santander are here for domestic UK banking primarily, they own the old Abbey NAtional. Alliance & Leicester and Bradford and Bingley businesses. There is no logical reason why they would want to divest themselves of these domestic businesses simply because the UK leaves the EU.
Edukator, the reason the 27 countries will have to live with the City is because many of their companies and governments rely on it to fund themselves. No other European centre is even close to offering the competiveness (i.e cheapness) of funding opportunities.
[s]So do[/s] ah forget it....
Mefty, now don't you go spoiling things with your sensible background material. It's a minority business interest of no relevance to the fraudsters who own it. You heard it here first. #BREAKINGNKNONNEWS
They will be outta here faster than you can say "Barclays Bank"
[I]Of courses it's a negative if we lose business, that's a given. What is not given is that all the banks in the city of London are planning to leave. That's BS.[/I]
Not sure where you heard all the banks are leaving, the only jobs/roles/departments that'll initial move is those that will have to - the rest will depend on whether it's more effective to have them here, there or somewhere else. BAU
A few pages ago but from a very unreliable source. You are correct. That is obvious but doesn't suit the current narrative
Needs jazzing up a bit...
teamhurtmore - MemberSo do ah forget it....
Mefty, now don't you go spoiling things with your sensible background material. It's a minority business interest of no relevance to the fraudsters who own it. You heard it here first. #BREAKINGNKNONNEWS
They will be outta here faster than you can say "Barclays Bank"
Lolz at chewkw wannabe.
#SadFace
So any good news from the leavers yet? Or just imaginary nonsense to counter the real bad news?
Of course all the investment banks will move their EU operations into the EU when we leave. They will not be able to continue their business if they don't as they will not be able to operate in the EU
THM claiming to be a banker now? Previously he has claimed to be a teacher.
Of course all the investment banks will move their EU operations into the EU when we leave. They will not be able to continue their business if they don't as they will not be able to operate in the EU
Is that so, could you explain the difference between equivalance and passporting that enabled you to come to this conclusion.
Back to back trading anyone?
Now, now mefty you are getting technical and factual now. Both are to be strongly discouraged
Mefty - simple - the EU are not going to allow UK based banks to do business in the EU under passporting rights or any other scheme. this is why the banks are all making their plans to leave and indeed some of them are already doing so
Now, now mefty you are getting technical and factual now. Both are to be strongly discouraged
They will, of course, be the downfall of the ignorant.
Glad that we don't need to waste any time and money on negotiating financail services. It's all done and dusted - you heard it here first.
Bon voyage nos colleagues et amis....
I do love the leavers with their fingers in their ears shouting " I can't hear you"
May has pissed everyone in the EU off and made any chance of any deal much much harder with the hardline rhetoric and allowing her pet goon Johnson to go around insulting everyone' The banks are already leaving or making plans to do so. Paris ad Frankfurt are gearing up to take over the city of Londons role. But somehow the UK will still be providing the majority of banking services to the EU in the minds of deluded leavers. Why do you think the EU are going to do favours to the city of London when they can simply take the business off them?
Its the red queen again!
Glad that we don't need to waste any time and money on negotiating financail services. It's all done and dusted - you heard it here first.
It's almost as if you belive that financial services are above and beyond normal EU rules (as long as we're part of the EU).
Que tengas mucha suerte!
So you think the UK, the biggest financial market in the world just about, wont be given the same status as the US, Japan, Singapore, Canada etc etc, when our regulatory regime is presently the same?
What percentage of Eu ex UK equity is raised in London?
What percentage of EU ex UK wholesale banking takes places in the UK?
Odd that the Germans made conciliatory comments this week. Do they not listen to STW?
#lessuckers
this is why the banks are all making their plans to [s]leave[/s] [b]move some operations, and staff,[/b] and indeed some of them are already doing so
Mefty all completely irrelevant as this was the situation while we were in the EU. Once we are out the EU are not going to grant any favours. Why should they? No upside for them and plenty of downsides. However if they refuse the UK banks passporting rights then its a win / win for the EU.
You really need to get real - the banks are which is why their investment arms are all moving to countries in the EU. all have advanced plans to do so and some are already in progress of doing so
so why would the EU grant passporting rights? What in it for them? France and Germany are licking their lips knowing they are getting all that lovely banking business and its to Germany and Frances advantage to refuse passporting rights. What have we got to offer the EU to get them to allow us to cream off this money? Nothing
get real
Kelvin - yes not domestic banking but the investment banking that makes all the profits
It'll hit tax receipts hard.
the investment banking that makes all the profits
You really know very little about banking, what internal funding rate should be charged to an Investment Banking business by the bank's Treasury to calculate its profit?
That's you told mefty - what do you know about this? Get real 😉
kelvin - I am sure you are clever enough to ignore the advice offered ^ the results this week from Lloyds and Barc show this only too well