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Here you go: Barclays shifting ownership of European branches to Irish unit ahead of Brexit - sources

(GAAP is an annoying subject for those of us straddling the UK-USA fence these many years, but I do detect a change in the farce: the locution "indirect and direct" ownership, formerly known as controlling interest measured in shares held by persons, either natural or "institutional," ie. corporate. Regardless of private, public, or consolidated reporting status of a gov-regulated "entity" (database engineering or religious mystic data type definition lingo), in the USA ≥10% outstanding, in the EU (airline only?) ≥50% outstanding, in the UK ... wtf.)

Diversity is the key to economic and political evolution.

by Cat on Tue Aug 14th, 2018 at 01:46:06 PM EST
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FYI: Elon Musk controls 20% of TSLA shares outstanding. He is in a bit of bother with the SEC and TSLA investors (formerly short sellers) since he launched his capital raising (LBO) scheme last week (by tweet) claiming he had secured financing with a KSA sovereign fund.

Diversity is the key to economic and political evolution.
by Cat on Tue Aug 14th, 2018 at 01:52:34 PM EST
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