Why More Banks Are Moving to Frankfurt

The video discusses Deutsche Bank CEO John Cryan's internal message about preparing for a hard Brexit. It highlights the potential impact on jobs and assets, with a focus on moving operations to Frankfurt. The video also explores why Frankfurt is becoming a financial hub post-Brexit, citing regulatory advantages. Finally, it touches on Deutsche Bank's strategic shift to emphasize its German roots.

What was the main message from Deutsche Bank CEO John Cryan regarding Brexit?

• To wait for the final negotiation results

• To prepare for a hard Brexit scenario

• To move all operations to London

• To ignore Brexit implications

Why is Frankfurt considered an attractive destination for banks post-Brexit?

• It is closer to London

• It has regulatory mass with ECB and SM based there

• It offers lower taxes

• It has a favorable climate

Which bank was mentioned as having chosen Frankfurt as a hub?

• Goldman Sachs

• Morgan Stanley

• Barclays

• HSBC

What recent strategic change did Deutsche Bank make to emphasize its German roots?

• Appointing two German co-CEOs

• Moving headquarters to Berlin

• Focusing on international markets

• Reducing operations in Germany

What is the significance of Frankfurt for Deutsche Bank?

• It is a new market for expansion

• It is the bank's headquarters and a strategic hub

• It offers the lowest operational costs

• It is the only city with available office space