Big Banks Forego Patience as U.K. Ponders Brexit Deal

The transcript discusses banks' concerns about the lack of a clear government plan for Brexit, emphasizing the need for a strategy to address potential job relocations. It explores possible relocation cities like Frankfurt, Paris, and Dublin, highlighting the logistical challenges and economic factors involved. The conversation underscores the uncertainty banks face in choosing a new location, considering London's dominance in capital markets and the high cost of living.

What is one of the main concerns for banks regarding Brexit?

• The increase in interest rates

• The decrease in global trade

• The potential loss of passporting rights

• The rise in inflation

Which city is mentioned as having significant infrastructure for banking relocation?

• Rome

• Berlin

• Frankfurt

• Madrid

Which city is NOT mentioned as a potential relocation destination for banks?

• Amsterdam

• Barcelona

• Dublin

• Luxembourg

What percentage of capital markets are currently based in London?

• 50%

• 90%

• 60%

• 78%

What is a significant challenge in relocating financial services from London?

• Hiring new employees

• Identifying a city with similar financial activity

• Finding affordable housing

• Reducing operational costs