Morgan Stanley's Gorman: Nothing Good About Brexit

The transcript discusses the potential impact of London's financial decline due to Brexit, with New York being a likely beneficiary. It highlights the challenges faced by financial institutions, such as the need for new European headquarters and employee relocations. The discussion also covers the reevaluation of global business strategies and the potential for shifts towards the US, particularly New York, due to its infrastructure and time zone advantages.

Which city is considered a potential beneficiary of London's decline in the financial sector?

• Paris

• New York

• Hong Kong

• Tokyo

What is one of the main challenges mentioned by the speaker regarding Brexit?

• Improved employee satisfaction

• Decreased legal requirements

• Need for a new European headquarters

• Increased tourism

What is the speaker's approach to relocating employees due to Brexit?

• Relocate all employees to New York

• Relocate only senior management

• Minimize the number of relocations

• Relocate as many employees as possible

Why might New York be a preferred location for trading businesses post-Brexit?

• Better weather

• Proximity to Asia

• Infrastructure and time zone advantages

• Lower taxes

What is the speaker's view on the likelihood of a large-scale shift of operations to other European countries?

• Irrelevant

• Already happening

• Unlikely

• Highly likely