JPMorgan Said in Talks to Buy Dublin Office Space

The transcript discusses JP Morgan's strategic options in response to Brexit, including potential expansion in European cities like Dublin. It highlights the pressure on UK negotiations due to banks' plans to relocate from London. The discussion also touches on the broader implications of Brexit for the banking sector and the need for contingency plans.

What strategic move is JP Morgan considering to expand its presence in Europe?

• Partnering with a Spanish bank

• Acquiring a local bank in Germany

• Buying an office building in Dublin

• Opening a new office in Paris

How many employees might JP Morgan potentially move to Dublin?

• 500

• 4000

• 2000

• 1000

What is a key concern for banks like JP Morgan regarding Brexit?

• Higher interest rates

• Increased taxes

• Loss of access to European markets

• Stricter regulations

What did Theresa May mention as part of the trade deal that was significant for banks?

• Relaxation of immigration rules

• Inclusion of finance

• Reduction of tariffs

• Increased trade quotas

What is a potential consequence for financial institutions if Brexit negotiations are unfavorable?

• Increase in local hiring

• Implementation of contingency plans

• Reduction in operational costs

• Expansion into Asia