Deutsche Bank is mulling a big pull back from Britain due to Brexit

Deutsche BankREUTERS/Kai Pfaffenbach

  • Deutsche Bank is considering moving 75% of its €600 billion in capital from London to Frankfurt.
  • The German lender also plans to ring-fence its UK operation and simplify it, according to sources.
  • Deutsche Bank is considering the moves after pressure from European regulators.

FRANKFURT (Reuters) – Deutsche Bank is considering shifting large volumes of assets from London to Frankfurt after the UK’s planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday.

Deutsche will also transform its UK arm into a ringfenced subsidiary after Brexit and reduce the size and complexity of its British operations, the source said.

See the rest of the story at Business Insider

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