Inside Bank of America's Brexit Plans

The video discusses the impact of Brexit on the banking industry, focusing on Bank of America's strategic decisions regarding its European headquarters. Initially, plans to relocate a significant number of employees to Paris were considered but later scaled back. The video compares Paris and Frankfurt as potential financial hubs, highlighting Paris's advantages in talent and client presence. It also touches on the complexity of Bank of America's strategy, involving multiple cities like Dublin for legal operations.

What was the initial plan proposed by CEO Tom Montag for Bank of America's relocation?

• Relocate 1000 people to London

• Relocate 600 people to Paris

• Relocate 1000 people to Dublin

• Relocate 600 people to Frankfurt

Why is Paris considered a better choice for Bank of America's operations?

• It has a larger commercial banking sector

• It offers better cultural and lifestyle options

• It is closer to London

• It has lower operational costs

Which city is Bank of America planning to use as its legal hub?

• London

• Dublin

• Frankfurt

• Paris

What is the main role of Paris in Bank of America's post-Brexit strategy?

• Legal hub

• Customer service center

• Trading hub

• Headquarters

Which city will have more people relocated from London according to the final plan?

• Dublin

• Paris

• New York

• Frankfurt