Barclays Client Cut Sets Up a PR Nightmare: Cohan

The video discusses Barclays' decision to cut 7000 clients due to regulatory and business pressures, highlighting the challenges faced by European banks compared to their US counterparts. It also covers Deutsche Bank's move to cut bonuses for senior staff, emphasizing the growing gap between US and European banks in terms of regulatory compliance and financial health.

What is one of the main reasons Barclays decided to reduce its client base by 7000?

• To improve public relations

• To meet reserve requirements

• To expand into new markets

• To increase client satisfaction

How have US banks performed in recent weeks compared to European banks?

• Both US and European banks have performed equally well

• US banks have shown significant improvement in equity markets

• European banks have outperformed US banks

• US banks have struggled more than European banks

What regulatory challenges are European banks like Barclays facing?

• High employee turnover

• Lack of technological innovation

• New capital and regulatory requirements

• Increased competition from US banks

What action did Deutsche Bank take regarding senior staff bonuses?

• Introduced new bonus schemes

• Cut bonuses for senior staff

• Maintained the same bonus levels

• Increased bonuses for all staff

Why might freezing bonuses be seen as a positive public relations move?

• It attracts new clients

• It increases the bank's profitability

• It reduces operational costs

• It shows the bank is sharing in the shareholders' pain