JPMorgan's EU Millionaires Surge in Post-Brexit Shift

JPMorgan's EU Millionaires Surge in Post-Brexit Shift

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of Brexit on major banks like JP Morgan and Goldman Sachs, highlighting their strategic shifts from London to other European cities such as Frankfurt and Paris. It examines the growth in high-earning bankers in Germany and the expansion of Goldman Sachs' German office. Despite London's continued financial strength, there are signs of decline in certain areas. The video also explores London's enduring appeal to bankers and the European Union's efforts to attract financial professionals away from the UK.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the number of JP Morgan bankers in Germany earning over €1,000,000 by 2021?

50

9

100

85

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Goldman Sachs' headcount in Germany change by 2021?

It doubled

It tripled

It increased sevenfold

It remained the same

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the trade surplus of London in financial services?

£120 billion

£100 billion

£82 billion

£50 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage decline has the UK seen in euro-denominated derivatives since 2019?

15%

20%

10%

5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason London remains attractive to bankers despite Brexit?

Cultural life and independent schools

Proximity to the EU

Better weather

Lower taxes