Morning Must Read: Brexit Risks to Bank Earnings

The video discusses the decline in earnings and profit in wealth management and investment banking, highlighting the challenges faced by European banks due to Brexit, lack of growth, and regulation. Sergio Ermotti shares insights on trading risks and the need for clarity on Brexit's impact. The discussion also covers the negative interest rate environment, the weak European financial sector, and its implications for the euro and global operations, drawing parallels with Japan's pre-Abenomics era.

What were the main topics discussed between Granny and Sergio Ermotti?

What challenges are European banks facing according to the text?

How does the interest rate environment affect European banks?

What impact does the banking sector's performance have on the euro?

In what ways are European banks changing their operations?