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

See Also:

SEE ALSO: Deutsche Bank is hiring 25% more new analysts this year — and they provide a window into the bank’s strategy

DON’T MISS: A top Deutsche Bank shareholder is reportedly going to unload its entire stake

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.