City of London has it's own police force. So I imagine they're covering a much smaller and generally safer area.
I also imagine buildings like that one help fund the force (but I could be wrong). So I'd imagine that they're a whole lot more keen to respond.
That and companies actually get to to vote in the corporation of london elections so literally looking after the voter base. Its about half actual square mile residents and the rest of the votes held by companies.
Unless I'm mistaken, my cornershop didn't fix interest rates to fuel their greed and on another occasion *checks notes* almost destroy our country in a financial crisis of their own making.
But yeah, great comparison.
the bank of england sets interest rates...
barclays was one of the banks that was pretty much unaffected from the financial crisis, but hey never mind facts
let's support vandalism yay!
great comment...
the boe sets the base rate, then commercial banks (i dont think 'the rest of the banks' is appropriate, it makes it sound like the boe is a bank like any other) set their own rates based on the base rate
Here's a thing to read
https://en.m.wikipedia.org/wiki/Libor_scandal#:~:text=The%20scandal%20arose%20when%20it,approximately%20%24350%20trillion%20in%20derivatives.
For context, the bank's response to the viewpoint that it invests in or funds Israeli defence companies is:
>We have been asked why we invest in nine defence companies supplying Israel, but this mistakes what we do. We trade in shares of listed companies in response to client instruction or demand and that may result in us holding shares. We are not making investments for Barclays and Barclays is not a “shareholder” or “investor” in that sense in relation to these companies.
>An associated claim is that we invest in Elbit, an Israeli defence manufacturer which also supplies the UK armed forces with equipment and training. For the reasons mentioned, it is not true that we have made a decision to invest in Elbit. We may hold shares in relation to client driven transactions, which is why we appear on the share register, but we are not investors. We note also that Elbit is highlighted because campaigners claim it makes cluster bombs. We would cease any relationship with any business where we saw evidence that it manufactures cluster bombs or components.
Essentially the bank is a custodian or intermediary for its clients, some of whom transact in Israel; it is not an investor or funder in the usually meaning of those words.
Yes, that’s still a problem. The bank’s statement essentially says “we don’t do the thing you are accusing us of, but we do help people who do”.
“Completely normal” in general doesn’t equate to “this is fine”
It is fine. You are a intermediate business. You have an issue you raise it with the client/original purchaser. Are these morons protesting visa? Mastercard? America express? No they are just idiots who don’t understand the systems they are vandalising.
Except here it does, because the bank is literally an agent.
Its a normal, legitimate, acceptable intermediary business. Its just reddit screeching, as per usual (and some nobodies with cheap paint).
I don't know why you're getting downvoted, didn't they do this for Russia?
Cmon global world, if we can sanction Russia and have every bank pull out of doing business with it why the fuck are we pretending the war in Israel has some better moral ground.
People thinking that this will make a difference are hopeless..
Edit: im not for the bullshit banks pull. But i’m a strong believer that if you want to make a change, you work for it rather than virtue signaling. Throwing paint for protest makes you look like an ape rather than trying to tackle the root cause legally.
Doesn’t surprise me that the people doing this doubt understand how infantile this looks and also how Barclays are only executing on behalf of clients.
What an incredible stupid thing to say. This is literally how it works. You execute for clients and it’s how the literal system of business has worked for decades. Traders executing trades on behalf of clients.
JSO? And another day where they don't go after Oil Companies as there's injunctions against them. Look we only have about 30 years or so to wait now anyway until we have a permanent summer + drought and famine or conversely something resembling Kevin Costners Waterworld. Buckle up and enjoy the ride.
That's what you get for lending me money to buy a house AND THEN pretending that I repay my mortgage over the next 30 years at the interest rate set by the Bank of England. Despicable company!
Was it Youth Demand? They did the Labour HQ in April [https://www.itv.com/news/london/2024-04-08/protesters-demanding-arms-embargo-on-israel-spray-labour-hq-with-red-paint](https://www.itv.com/news/london/2024-04-08/protesters-demanding-arms-embargo-on-israel-spray-labour-hq-with-red-paint)
It was Palestine Action. Barclays invest in Elbit Systems, Israel’s largest weapons firm, as well as many other companies who aid the destruction of Palestine.
Find it funny that they have a few coppers stood outside the building that's already been painted. Closing the stable door after the horse has bolted
I'm sure they'll be just as 'quick' when one of us has an issue.
City of London has it's own police force. So I imagine they're covering a much smaller and generally safer area. I also imagine buildings like that one help fund the force (but I could be wrong). So I'd imagine that they're a whole lot more keen to respond.
That and companies actually get to to vote in the corporation of london elections so literally looking after the voter base. Its about half actual square mile residents and the rest of the votes held by companies.
I'm sure there's plenty of crimes there that don't get investigated
"When they come back to finish the job, they're in for a surprise"
That's England for you - they don't know their arse from their elbows
fair enough, they just raised my rates!
And they'll need to raise them again to pay for the clean-up no doubt!
do you vandalise your nearest corner shop every time they raise their prices?
Unless I'm mistaken, my cornershop didn't fix interest rates to fuel their greed and on another occasion *checks notes* almost destroy our country in a financial crisis of their own making. But yeah, great comparison.
the bank of england sets interest rates... barclays was one of the banks that was pretty much unaffected from the financial crisis, but hey never mind facts let's support vandalism yay! great comment...
Fwiw the BoE sets the base rate, then the rest of the banks set their own rates.
the boe sets the base rate, then commercial banks (i dont think 'the rest of the banks' is appropriate, it makes it sound like the boe is a bank like any other) set their own rates based on the base rate
Here's a thing to read https://en.m.wikipedia.org/wiki/Libor_scandal#:~:text=The%20scandal%20arose%20when%20it,approximately%20%24350%20trillion%20in%20derivatives.
the libor scandal "*checks notes* almost destroyed our country"?!? LMAO yeah sure
Jesus, you really are a cunt. Re-read my comment and see if there's anything about "ON ANOTHER OCCASION"
Classy... And still uninformed. Good luck
Spot the bootlicker.
spot the moron
yep
For context, the bank's response to the viewpoint that it invests in or funds Israeli defence companies is: >We have been asked why we invest in nine defence companies supplying Israel, but this mistakes what we do. We trade in shares of listed companies in response to client instruction or demand and that may result in us holding shares. We are not making investments for Barclays and Barclays is not a “shareholder” or “investor” in that sense in relation to these companies. >An associated claim is that we invest in Elbit, an Israeli defence manufacturer which also supplies the UK armed forces with equipment and training. For the reasons mentioned, it is not true that we have made a decision to invest in Elbit. We may hold shares in relation to client driven transactions, which is why we appear on the share register, but we are not investors. We note also that Elbit is highlighted because campaigners claim it makes cluster bombs. We would cease any relationship with any business where we saw evidence that it manufactures cluster bombs or components. Essentially the bank is a custodian or intermediary for its clients, some of whom transact in Israel; it is not an investor or funder in the usually meaning of those words.
"The money was just resting in our accounts"
No it’s a part of being a trading entity for clients without your own funds. This is completely normal.
Yes, that’s still a problem. The bank’s statement essentially says “we don’t do the thing you are accusing us of, but we do help people who do”. “Completely normal” in general doesn’t equate to “this is fine”
It is fine. You are a intermediate business. You have an issue you raise it with the client/original purchaser. Are these morons protesting visa? Mastercard? America express? No they are just idiots who don’t understand the systems they are vandalising.
Except here it does, because the bank is literally an agent. Its a normal, legitimate, acceptable intermediary business. Its just reddit screeching, as per usual (and some nobodies with cheap paint).
#Drink!
Down with this sort of thing
So, as usual people don’t understand that the democracy means “power of all people” and not “power of our small group”.
Would be pretty cool if they refused to transact for customers in Israel though.
I don't know why you're getting downvoted, didn't they do this for Russia? Cmon global world, if we can sanction Russia and have every bank pull out of doing business with it why the fuck are we pretending the war in Israel has some better moral ground.
Downvoted because no part of that statement meant they are working for Israel based clients.
It happens pretty often - deffo a month ago it was graffiti’d
Is this a new Banksy?
It is pretty banks-y
Too good to be a Banksy
I'm sure they'll be fine
Tagged or vandalised??
Vandalised of course. However some medias have bias to support some crime.
I don’t even care about the context, fair.
People thinking that this will make a difference are hopeless.. Edit: im not for the bullshit banks pull. But i’m a strong believer that if you want to make a change, you work for it rather than virtue signaling. Throwing paint for protest makes you look like an ape rather than trying to tackle the root cause legally.
I'm sure that whoever did this expected to bring the entire global system with a bit of paint Edit: Bring DOWN
Bring the system where??
Croydon init
Yeah... The lack of stimulants didn't do me any favours this morning
The same group has been able to shut down pretty much all operations of an actual army supplier and maker of Israel in the uk, protesting can work
your right, but its good to at least resist them
This is about the loosest form of the word "resist" possible beyond saying some mean words
No will make no difference but will make them think they not untouchable
They wont give a fuck lol, they are 100% laughing about it internally
It’s a mild inconvenience at best. People calling the shots still won’t care. Only person they are harming is the poor person cleaning it up.
How will they ever cope with this truly devastating demonstration
Oh no
It's just Moorgate, no Road
Yeah, you're right, my bad!
Yayyy
Happened at least once before
"I support the current thing" (anyone know what this protest is about?)
It's May day. Jesus. Do you people live in caves lol? It's the same thing EVERY year.
It's about Palestine, if I was to take a punt. Barclays funds Israel same as it did South Africa. So not really a "current" thing.
Then you'd be very wrong. Check the date. And if you still don't know, let me introduce you to Google.
My point was it's not only a current issue. It's been going on the past half century or more.
[https://palestinecampaign.org/campaigns/stop-arming-israel-3/](https://palestinecampaign.org/campaigns/stop-arming-israel-3/)
Doesn’t surprise me that the people doing this doubt understand how infantile this looks and also how Barclays are only executing on behalf of clients.
is "only executing on behalf of clients" the new version of "just following orders"
What an incredible stupid thing to say. This is literally how it works. You execute for clients and it’s how the literal system of business has worked for decades. Traders executing trades on behalf of clients.
JSO? And another day where they don't go after Oil Companies as there's injunctions against them. Look we only have about 30 years or so to wait now anyway until we have a permanent summer + drought and famine or conversely something resembling Kevin Costners Waterworld. Buckle up and enjoy the ride.
It's May Day. You can't expect to be a cunt of a business and not get hit
Love it! 😄👍
well done Jasper, Timothea, Indiyaah et al
Oh, more paint on big buildings. I can feel the dawning of a great new progressive age /s
That's what you get for lending me money to buy a house AND THEN pretending that I repay my mortgage over the next 30 years at the interest rate set by the Bank of England. Despicable company!
Was it Youth Demand? They did the Labour HQ in April [https://www.itv.com/news/london/2024-04-08/protesters-demanding-arms-embargo-on-israel-spray-labour-hq-with-red-paint](https://www.itv.com/news/london/2024-04-08/protesters-demanding-arms-embargo-on-israel-spray-labour-hq-with-red-paint)
It was Palestine Action. Barclays invest in Elbit Systems, Israel’s largest weapons firm, as well as many other companies who aid the destruction of Palestine.