Deutsche Bank Said to Prepare Retreat From London

The transcript discusses the strategic changes at Deutsche Bank in response to Brexit and beyond. Initially, it highlights preparatory changes similar to other banks. However, Deutsche Bank's strategy unveiled in March focuses on Germany and Europe, indicating a broader strategic reconsideration. The bank is shifting its operations, potentially moving out of London, to become more German-centric. This is the first step in a series of changes, contrasting with other banks whose changes are less extensive. The discussion also touches on the relocation of EU-facing staff from London to the EU.

What is the current status of Deutsche Bank's decision regarding Brexit-related changes?

• The decision has been abandoned.

• The decision is still pending.

• The decision has been finalized.

• The decision is irrelevant to Brexit.

What is the focus of Deutsche Bank's new strategy unveiled in March?

• Increasing operations in the US

• Focusing on Germany and Europe

• Reducing global presence

• Expanding into Asia

How does Deutsche Bank's strategic reconsideration relate to Brexit?

• It is solely a response to Brexit.

• It is unrelated to Brexit.

• It goes beyond just Brexit preparation.

• It is a temporary measure for Brexit.

What significant change is Deutsche Bank considering regarding its operations?

• Closing its European branches

• Expanding its presence in Asia

• Shifting operations from London to the EU

• Moving its headquarters to the US

How do Deutsche Bank's changes compare to those of other banks?

• They are less extensive.

• They are unrelated.

• They are more extensive.

• They are identical.