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 challenges are European banks facing in competing with US banks?

In what ways is Brexit influencing the European banking sector?