It's sad , sad day when Wall St, is exported to England

[VisaJourneyLady 33]

The bank may have its roots in London but as A.J. said is a major international bank these days. It's managed to stay in business since 1690 so I'd say its a good day for Wall St.

Yes, but the mother ship is based in London......Given that, over time they could migrate all of Lehmans business operations to London. It's been done before with other aquisitions.....especially given the atmosphere here where the democrats, and the replulicans are going to overreact and hog tie Wall St.

I see a move out of the US for investment banking and a loss of a cornerstone sector here in the US.

Yeah, sure. I can just see how they're aching to drive up their operating cost by moving operations to one of the most expensive places on earth.

Really... London is more expensive than NYC.

It's hardly good news for their folks in London - I suspect those guys are shitting a brick right now

I know it is. We're actively migrating whatever possible away from London.

To where? Tampa? No comparison to the cost of doing business in NYC, particularly Wall St. and vincinity........

Wow, show's how much you know. Have you tried to buy or rent any property in the City of London recently, it's easily as expensive as wall st.

[rocks 494]

Have you tried to buy or rent any property in the City of London recently, it's easily as expensive as wall st.

and lets not mention the taxes

[kaydee457 13]

The bank may have its roots in London but as A.J. said is a major international bank these days. It's managed to stay in business since 1690 so I'd say its a good day for Wall St.

Yes, but the mother ship is based in London......Given that, over time they could migrate all of Lehmans business operations to London. It's been done before with other aquisitions.....especially given the atmosphere here where the democrats, and the replulicans are going to overreact and hog tie Wall St.

I see a move out of the US for investment banking and a loss of a cornerstone sector here in the US.

Yeah, sure. I can just see how they're aching to drive up their operating cost by moving operations to one of the most expensive places on earth.

Really... London is more expensive than NYC.

It's hardly good news for their folks in London - I suspect those guys are shitting a brick right now

I know it is. We're actively migrating whatever possible away from London.

To where? Tampa? No comparison to the cost of doing business in NYC, particularly Wall St. and vincinity........

Wow, show's how much you know. Have you tried to buy or rent any property in the City of London recently, it's easily as expensive as wall st.

Edited September 17, 2008 by kaydee457

[IAMX 3,055]

Wow, show's how much you know. Have you tried to buy or rent any property in the City of London recently, it's easily as expensive as wall st.

We Americans, especially freedom fries Americans, are very good at just stating things with no intelligence or even evidence behind them. That's why you take every American's assertion with a grain of salt, especially when it flies in the face of logic.

[VisaJourneyLady 33]

The bank may have its roots in London but as A.J. said is a major international bank these days. It's managed to stay in business since 1690 so I'd say its a good day for Wall St.

Yes, but the mother ship is based in London......Given that, over time they could migrate all of Lehmans business operations to London. It's been done before with other aquisitions.....especially given the atmosphere here where the democrats, and the replulicans are going to overreact and hog tie Wall St.

I see a move out of the US for investment banking and a loss of a cornerstone sector here in the US.

Yeah, sure. I can just see how they're aching to drive up their operating cost by moving operations to one of the most expensive places on earth.

Really... London is more expensive than NYC.

It's hardly good news for their folks in London - I suspect those guys are shitting a brick right now

I know it is. We're actively migrating whatever possible away from London.

To where? Tampa? No comparison to the cost of doing business in NYC, particularly Wall St. and vincinity........

Wow, show's how much you know. Have you tried to buy or rent any property in the City of London recently, it's easily as expensive as wall st.

you said that after your ignorance of the city of london was pointed out. Anyway if they were going to move to Asia, I would think that HK would be a better choice.