Deutsche Bank, UniCredit Begin Brexit Swaps Move From London

The video discusses the impact of Brexit on European banks, particularly focusing on the extension granted by the European Commission for the LCH part of the London Stock Exchange to serve continental banks. It highlights the preparations banks like Deutsche Bank and UniCredit are making for a potential no-deal Brexit. The video also covers Deutsche Bank's financial struggles and JP Morgan's advice to be decisive in restructuring efforts, emphasizing the challenges faced by European banks.

What are the potential consequences for London as a financial center if a no deal Brexit occurs?

What strategies should banks consider to navigate the current challenges in the European banking system?