Deutsche Bank To Open Birmingham Trading Floor

Deutsche Bank - External

150 people in sales, trading, structuring and research by the end of the year.

The Financial Times reports that Deutsche Bank is to set up a trading floor in the UK in Birmingham.

According to the newspaper, Deutsche confirmed that it was taking on additional investment banking staff and by the end of the year would have around 150 people in sales, trading, structuring and research in Birmingham.

In the meantime, The Wall Street Journal reports that as Jürgen Fitschen prepared to take the helm at Deutsche Bank last year, he promised to name a woman to the bank's executive committee during his tenure.

'Give us a bit of time, and we will deliver', vowed Fitschen at Deutsche Bank's annual Women in European Business conference in March 2012.

But more than a year later, opportunities to make good have come and gone, turning the bank into a focal point in an intensifying debate over the dearth of female executives in corporate Germany, as well as on Wall Street.

Finally, Reuters reports that Deutsche Bank has 'zero tolerance' for customers seeking to evade taxes by holding assets in foreign accounts managed by the bank, Fitschen told German radio broadcaster Deutschlandfunk.

'Tax evasion is a crime', Fitschen said in an interview. 'It's unacceptable'.

Deutsche Bank makes presence felt with Birmingham trading floor (subscriber content)

Deutsche Bank Lags on Its Gender Pledge (subscriber content)

Deutsche Bank has "zero tolerance" for tax evaders: CEO


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