Deutsche Bank’s ‘Bowline’ Details Moving $350B From U.K.

The transcript discusses the strategic shift of assets by George Bank to Germany as part of their Brexit plan, highlighting the significant move of business from London to Germany. It explores the impact on the workforce, noting that the asset move is larger than the people move. The discussion also covers the broader implications for banks, particularly in the context of Brexit, and how banks like Deutsche and Barclays are preparing for different Brexit scenarios, with a focus on hard Brexit preparations.

What might happen to Deutsche Bank's functions if the majority of business is booked out of Germany?

What considerations are banks making regarding their plans for a hard Brexit?