Barclays CEO: Markets Impacted By Brexit Uncertainty

The transcript discusses the potential impact of Brexit on financial markets and Barclays. It highlights the uncertainty surrounding the vote and Barclays' stance, as expressed by their chairman, John McFarlane. The company is preparing for all outcomes, including a contingency plan, though they hope the UK remains in the EU. Concerns about other cities like Berlin or Paris overtaking London as a financial hub are also addressed, emphasizing London's historical significance and Barclays' commitment to maintaining its presence in key financial centers.

What is the main concern for Barclays regarding the Brexit vote?

• The potential for increased taxes

• The possibility of new regulations

• The uncertainty affecting financial markets

• The impact on their stock prices

How does Barclays plan to handle the potential stress from Brexit?

• By increasing their investments in Europe

• By reducing their workforce

• By relocating their headquarters

• By having a comprehensive contingency plan

What is Barclays' stance on the UK remaining in the European Union?

• They hope the UK stays

• They prefer the UK to leave

• They have no official stance

• They are indifferent

Which cities are mentioned as potential new financial centers if Brexit occurs?

• Amsterdam and Brussels

• Berlin and Paris

• Vienna and Zurich

• Madrid and Rome

Why is London's history as a financial center important to Barclays?

• It ensures lower taxes

• It provides a competitive advantage

• It attracts more tourists

• It guarantees government support