Deutsche Bank, UniCredit Begin Brexit Swaps Move From London

The video discusses the impact of Brexit on European banks, particularly focusing on the extension granted by the European Commission for the LCH part of the London Stock Exchange to serve continental banks. It highlights the preparations banks like Deutsche Bank and UniCredit are making for a potential no-deal Brexit. The video also covers Deutsche Bank's financial struggles and JP Morgan's advice to be decisive in restructuring efforts, emphasizing the challenges faced by European banks.

What was the European Commission's decision regarding the LCH part of the London Stock Exchange?

• To permanently close it

• To merge it with another exchange

• To extend its service time

• To relocate it to another country

What are banks like Deutsche Bank and UniCredit preparing for?

• A stock market crash

• A new financial regulation

• A no-deal Brexit

• A merger with JP Morgan

What concern is raised about London in the event of a no-deal Brexit?

• Its cultural influence

• Its role as a financial center

• Its status as a tourist destination

• Its political leadership

What advice did JP Morgan give regarding restructuring?

• To increase equity trading

• To expand into new markets

• To stop tinkering with restructuring

• To hire more staff

What does JP Morgan suggest European banks should focus on?

• Expanding their office spaces

• Investing in new technologies

• Increasing their workforce

• Cutting costs and reducing assets