Here lots of people in the City lost jobs — and not only in the City, across the UK — in Birmingham, Manchester, etc. Cause Deutsche bank is massively restructuring their business by dramatically downsizing it. It is nothing to do with Brexit though. It is to do with the fact that Deutsche bank has been in trouble for a long time — it is the only global bank that has never quite managed to fully recover from the financial crisis 2008 and then it was involved in lots of scandals of money laundering in Moscow and Estonia and they had multi billion pound fines for that. The reason so many lost their jobs in the City is because their headquarters are in the City and their main operations are in the UK — all over the UK. Their head office will stay here as far as I know, but — they are no longer a big player. A lot of people are saying they should have done the restructuring when the others did it — back in 2009, but they didn't. They kept overtrading, so — here is the result. Now they have no choice but downsize their operations dramatically, as -if they were to go under, no one would be able to bail them out - that is how close they are to total bankruptcy.
The articles in the Telegraph are premium and copyrighted, as I am subscribed and I can't copy and paste them willy nilly, as if they find out — I can be fined. But here is the gist of it
Deutsche Bank waves the white flag as Europe's banks surrender to Wall Street
It looks, from its latest restructuring plan, as if Deutsche Bank is throwing in the towel on its ambitions to go toe-to-toe with the big Wall Street firms in the global investment banking arena. It is only the latest in a long list of European banks to do so. Many tried for years to make it big in the US, an absolute prerequisite for reaching the top tier of the industry. But only Barclays has really managed it — and that was because it bought Lehman Brothers' American business for a song at the height of the financial crisis. With Brexit and trade wars raising fears that an already balkanised market could be fragmented further, the numbers just don’t add up for most European players.
We are having this massive drama going on. There were memos leaked, that our Ambassador in the US — Sir Kim Darroch — called repeatedly the Trump administration «incompetent nutters» and other names, etc. — which is bad for our country — you know, straight after the State visit — this shit comes out — cause whoever Trump is, the special relationship between us and the US requires mutual respect, besides which — this relationship is more important than ever during these turbulent Brexit times. Darroch is a remnant of May's Cabinet, the new PM will have a new Cabinet and different people. Trump reacted by saying that Darroch is a pompous idiot and soon we will have the new PM and he is not going to deal with Darroch anymore. And he had a royal go at May's handling of Brexit, etc. Johnson expressed a negative reaction to Darroch's behaviour, but Hunt (the other one left in the race) — said Trump should respect the UK and he would leave Darroch in his job if he were to become the new PM. What planet is Hunt on? Anyways, now Johnson's lead over Hunt increased and everyone forgot about Boris's volatile private life. A lot of the Telegraph forum members and readers (most of them are Tory Party members and are discussing things a lot at the moment, as they are the ones who will be casting the final vote as to who the new Tory leader and consequently — the new PM will be) — are saying that Jeremy Hunt is "May wearing trousers", i.e. - that he is exactly the same as May was— a sneaky Remainer and if Boris is not elected as the new PM — the party will be totally f*cked, as Hunt will be dithering just like May and won't be able to deliver Brexit. They are also saying that in case of Boris being elected — he should send either Farage or Ann Widdecombe to Washington as our ambassador, cause Farage is Trump's friend and political ally, he helped his campaign tremendously and Ann Widdecombe — well, she is a very committed Brexiteer and a very experienced politician.
> Some are trying to blame Russia for it)https://twitter.com/27khv/status/1148 71548992709... quoted1
You know — talking about Russia. I went to one of the best Russian restaurants in London today. It was one of our Russian clients who took me and a workmate of mine there. We are not allowed any gifts from customers or money, but small scale entertaining is allowed. The restaurant is called Novikov Restaurant and Bar — it is in Berkley Square in Mayfair. We went there at lunch time and spent half a day there. The restaurant is owned by Arkadiy Novikov — he is a restaurateur from Russia. The food was amazing amazing amazing. But it ain't cheap. The bill for the 3 of us was over £800, but that is because some expensive wines are served there. Prior to working with Russian clients I had no idea about Russian restaurants in London — even with my Russian work acquaintances we usually go to Italian, or English, or American places, etc. And my relatives always want to see everything English when they come from Russia. I also once went to Zima — that is owned by the Russian guy called «Zimeev» and that is in Soho, they serve the best Russian ravioli (pelmeni) there. And also there is Mari Vanna — that is in Knightsbridge — owned by someone from St Petersburg. They serve like «nostalgia» cuisine like «Olivier salad», «doktorskaya kolbasa», etc. Both Zima and Mari Vanna are a lot cheaper than Novikov, but they are always booked up, you can't just turn up and expect to be served. Anyways, this customer was very happy today, but normally he acts like a «big baby», complains, moans. When he first got registered with us — I remember telling him about what paperwork to bring, tried to help him fill out the forms and I remember he said «How long is this #####ing thing gonna take? I am hungry, I need to go for lunch.» And I was like «It shouldn't be much longer, but this, this and this needs to be done, etc. «And I remember he said in Russian «Блять, как все сложно то а.» I remember that made me laugh at the time — so funny. My previous manager was there at the time and I remember afterwards he kept saying to me «What did that guy say to make you laugh so much? «But when I translated it, it wasn't funny in English at all.
>>> What is there to like? Have you read my post in full? quoted3
>>Sorry, I'm a bit drunk atm. Got to go now. >> I love you. See you later quoted2
> > No worries, we've all been there.
> This is a nice new summer track by Ed Sheeran and Justin Bieber They play it in all the pubs here at the moment. Nice summer track. > > Speak later, enjoy quoted1
You know Ed Sheeran — well, he is well amazing. He is a platinum seller world wide, his hits — number ones world wide, he is like a male «Adele». People love British music, the language. Justin Beiber said in the interview — the best thing — one of the best things about collaborating with Sheeran was learning to speak pure English. But he was born in a poor English family in Suffolk, had a good musical education, played several instruments, but at some point was homeless and a busker (person who plays in the streets for pennies). But now his hits — Castle on the Hill, Shape of You, there are zillions of them — are platinum sellers around the world. Here is his story — in his own song «Photograph» — watch it, it is a great song as well. He is just amazing, writes all his own stuff, never went to any reality telly shows, etc.
Well, this is apparently the first time in history someone refused to deal with a British ambassador. British ambassadors are considered an epitome of diplomacy, goes with the culture. However, Trump behaved like a bit of a baby and just said «I won't talk to him anymore. He is a traitor». He is also a high class Sir and obviously — someone leaked the memos for a reason. They are saying here — to promote Brexit. Remainers are also blaming Johnson, cause they are saying that Boris literally «threw the ambassador under a bus» by publicly shaming him and refusing to support him. I think he did the right thing — Boris, whilst May and Corbyn spent the whole day today in the house of Commons paying tributes to the great service of our best ever diplomat. Boris's ratings shot up sky high after this, everyone suddenly forgot about his turbulent love life.
Sir Kim Darroch: UK ambassador to US resigns in Trump leaks row
Sir Kim Darroch has resigned as UK ambassador to the US, as a row over leaked emails critical of President Trump's administration escalates. Theresa May said Sir Kim's departure was «a matter of deep regret» after the ambassador said it was «impossible» for him to continue. Tory leadership candidate Boris Johnson has faced strong criticism for failing to fully support him. President Trump said on Monday that the US would not deal with Sir Kim. The US president had branded him «a very stupid guy» after confidential emails emerged where the ambassador had called his administration «clumsy and inept». In a letter to the Foreign Office, Sir Kim said he wanted to end speculation about his position: «The current situation is making it impossible for me to carry out my role as I would like.»
His resignation has prompted widespread support for Sir Kim as well as criticism of Tory frontrunner Boris Johnson. According to some Whitehall sources, Sir Kim decided to resign after Mr Johnson refused to support him during the Tory leadership debate on Tuesday night, said BBC diplomatic correspondent James Landale. Mr Johnson was asked repeatedly by fellow leadership candidate Jeremy Hunt whether he would keep Sir Kim in post if he became prime minister, but refused to answer. It is understood Mr Johnson spoke to Sir Kim on the phone on Wednesday afternoon.
You know — it seems there are two camps — both in the elite and in the community — one who support the current «globalization model» and the others who don't (the latter camp is winning here). Doesn't mean they are retrograde or anything, but at the end of the day — it is not rocket science for anyone with a brain to work it out, that the current globalization model s ucks, no one likes it. There has to be something else on offer, something better. The British — they have always fought for better things and well, they are doing it now as well. I will tell you more. I came to the conclusion, that it is those who support the current globalization model — are actually retrograde dinosaurs and in a way — slaves, cause they don't seem to seek any improvements whatsoever, they are like what the Russians call «odobryams» everything (as long as Putin is blamed). Very stupid and uneducated people. That is another reason I parted with Convention, it is full of people like that. They never question themselves, never doubt anything, not a thinking bunch - stuck in the Blairite past. Well - that is my view and I am entitled to it, I live in a free democratic country.
> Tory leadership candidate Boris Johnson has faced strong criticism for failing to fully support him. quoted1
Seriously, why on Earth should Boris fully support official who f*ed up so badly. You know I'm pretty far from such important position as ambassador to US but I always think twice before writing smth to my colleagues. Especially via email.
> one who support the current «globalization model» and the others who don't (the latter camp is winning here) quoted1
Actually I'm glad the other camp is winning because I'm an anti-globalist in my heart. Remember you told me that it's better for ordinary people if politicians compete among each other. I think she same goes for different countries. Imagine entire world ruled by one group of people. I don't think it will be a nice place to live