RBS to Take $3.8B Charge, Barclays Picks Dublin as EU Hub

The transcript discusses financial provisions set aside for mortgage investigations, highlighting the uncertainty surrounding negotiations with the DOJ. It addresses legacy issues faced by RBS and strategic moves like the Williams and Glen sale. The impact of Brexit on banking strategies is explored, with Barclays moving operations to Dublin. The uncertainty over passporting rights and the need for contingency plans are also discussed, as banks consider relocating jobs to cities like Frankfurt and Paris.

What is the main financial challenge discussed in the first section?

• RBS's plan to expand globally

• The impact of Brexit on banks

• The $8 billion set aside for mortgage investigations

• Barclays' relocation to Dublin

What strategic move did Barclays make in response to Brexit?

• Relocating its headquarters to Frankfurt

• Merging with another bank

• Expanding operations in London

• Moving some operations to Dublin

What is a significant concern for banks regarding Brexit?

• The need to hire more staff

• Uncertainty about passporting rights

• The possibility of a financial crisis

• The potential for increased taxes

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

• Frankfurt

• Berlin

• Luxembourg

• Paris

What is the main reason banks are making contingency plans?

• To increase their market share

• To prepare for any outcome of Brexit negotiations

• To reduce operational costs

• To comply with new EU regulations