Brexit Prompts Banks to Plan $855 Billion Asset Move to Frankfurt

Brexit Prompts Banks to Plan $855 Billion Asset Move to Frankfurt

Assessment

Interactive Video

Business

University

Hard

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The video discusses the movement of financial assets from London to other European cities, primarily Frankfurt, due to regulatory pressures from the ECB and German authorities. It highlights the significant relocation of $855 billion in assets by major banks like Deutsche Bank and JP Morgan. The video also touches on the dispersion of London's financial center across Europe, with Amsterdam emerging as a hub for quantitative traders.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Which banks are primarily involved in the movement of assets mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What trends are observed regarding the financial center of London and its dispersion?

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