How Brexit Will Impact Banker Bonuses

The video discusses the impact of Brexit on bank bonuses, trading, and interest margins. It highlights the immediate and long-term effects on banks, including changes in investment banking and M&A activities. The performance of major banks like JP Morgan, Goldman Sachs, and Wells Fargo is analyzed, with a focus on their strategies to navigate the post-Brexit financial landscape.

What is the primary reason for the expected low bonuses in banks this year?

• Increased legal costs

• Reduced net income estimates

• Higher interest rates

• Improved trading conditions

Which bank reported a significant benefit from FX trading post-Brexit?

• Wells Fargo

• Goldman Sachs

• Citigroup

• JP Morgan

How does Brexit indirectly affect banks' operating statements?

• By boosting mergers and acquisitions

• Through direct trading losses

• Through changes in interest rates

• By increasing legal costs

Which bank is likely to see a bright spot due to its mortgage lending activities?

• Citigroup

• Goldman Sachs

• JP Morgan

• Wells Fargo

Why might Goldman Sachs appear to perform well in year-over-year comparisons?

• Thanks to a rise in interest rates

• Because of a previous quarter with high legal costs

• Due to a significant increase in mergers and acquisitions

• Due to a boost in FX trading