Nordea CEO on Job Cuts, Relocating, MiFID

Nordea CEO on Job Cuts, Relocating, MiFID

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Quizizz Content

FREE Resource

The video discusses a bank's strategic transformation involving job cuts and digitalization. It addresses the impact of business relocation on customer deposits and retention, analyzes the Swedish housing market, and explores regulatory preparedness and investment banking ambitions.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the bank's transformation strategy?

Cost-cutting measures

Creating a future-ready digital bank

Expanding into new markets

Increasing the number of branches

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the bank addressing the reduction in staff?

By halting all recruitment

By hiring new staff with different competencies

By outsourcing all operations

By increasing automation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the impact on customer deposits following the bank's relocation?

No major changes in deposits

Complete withdrawal from the market

Significant loss of deposits

Increase in customer complaints

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current trend in the Swedish housing market according to the bank?

A dramatic fall in prices

Complete market stagnation

Rapid price increases

A healthy correction and leveling off

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the bank prepared for new regulatory changes?

By ignoring the regulations

By lobbying against the regulations

By investing heavily in compliance

By reducing staff in compliance departments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the bank's position in the Nordic investment banking market?

Struggling to compete

A clear number one

Focused only on local markets

A new entrant

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is the bank using to maintain its leadership in investment banking?

Exiting the Nordic market

Reducing its investment in the sector

Focusing on a single asset class

Expanding its franchise across asset classes