Bonus Cutting Sweeps European Banks

The transcript discusses the challenges faced by European banks, including a talent race amid bonus cuts, declining trading revenues, and a negative mood due to various factors like police raids and Brexit. It highlights the movement of top executives seeking new roles and questions the incentives for leading European banks. The discussion also compares European banks with US competitors, noting the lack of a major European bank that can compete with US giants like JP Morgan and Citigroup.

What is one of the main reasons European banks are struggling to attract talent?

• Abundance of talent

• Reduced bonuses and difficult trading conditions

• Increased bonuses

• High trading revenues

What recent event has affected the mood at Deutsche Bank?

• An increase in trading revenues

• A new CEO appointment

• A police raid at their headquarters

• A merger with a French bank

What is a significant challenge for European banks compared to US banks?

• Stronger regulatory environment

• Higher interest rates

• Lack of a large competitive bank

• More investment opportunities

How has Brexit impacted European banks?

• Added challenges and uncertainties

• Improved client activity

• Increased trading opportunities

• Higher bonuses for executives

What are some of the issues European banks are facing this year?

• Increased client activity

• Favorable economic conditions

• High volatility and strong trading conditions

• Many misconduct cases and money laundering problems