Moody's Paints a Grim Picture of U.K. Banks

The transcript discusses Moody's downgrade of UK banks due to Brexit uncertainties, highlighting potential economic impacts and the EU's hardball tactics. It explores the future of London's financial status and the possible relocation of financial activities to other European cities. The conversation also humorously touches on Eric Nielsen's potential move back to the continent.

What factors could influence banks' decisions to move to other cities post-Brexit?

What competitive edge does London still have according to the discussion?