dutchguylivingintheuk
Veteran
So Santander wants to leave to Uk because they don't like the rules. (and source https://www.ft.com/content/52f65106-6def-4855-b7a0-ae2b7f3200f6 )
They prefer the US markets because the profits are higher. It would be great if everyone by masses drops they Santander savings etc. and if they then really do f*ck off because this exactly how the 2008 crisis started, trying to put pressure on regulators to ease the rules so we end up with financial products the banks themsleves don't even understand.
Any normal company means your screwed, but if you are a bank you get away with it, feels wrong does it?
So the question, if you where Keir Starmer and you could do something what would you do?
To go first if i was the PM i would call their bluff, present them with the bill for every single bail-out we have had to do for them(because of companies they participated in lie they failed merger of ABN-amro and the subsequent uk branches that where affected) or to rescue them(pretty sure the UK goverment also had to bail them out at the time) and demand them to pay that back in full if they want to maximize profits by trying to extort governments or regulators. And also ban them to come back in the coming 10-20 years so that getting out really means getting out and not ''nah we pretend and just buy up an other more profitable bank a few years later''
They prefer the US markets because the profits are higher. It would be great if everyone by masses drops they Santander savings etc. and if they then really do f*ck off because this exactly how the 2008 crisis started, trying to put pressure on regulators to ease the rules so we end up with financial products the banks themsleves don't even understand.
Any normal company means your screwed, but if you are a bank you get away with it, feels wrong does it?
So the question, if you where Keir Starmer and you could do something what would you do?
To go first if i was the PM i would call their bluff, present them with the bill for every single bail-out we have had to do for them(because of companies they participated in lie they failed merger of ABN-amro and the subsequent uk branches that where affected) or to rescue them(pretty sure the UK goverment also had to bail them out at the time) and demand them to pay that back in full if they want to maximize profits by trying to extort governments or regulators. And also ban them to come back in the coming 10-20 years so that getting out really means getting out and not ''nah we pretend and just buy up an other more profitable bank a few years later''
