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VTB will keep investment banking base in London

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Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business , the bank's first deputy president said.

Russia’s VTB Capital tempers talk of a retreat from post-Brexit London

London Canary Wharf

It is "definitely very early to say" what the implications of Brexit will be on the financial industry and on London, VTB Capital Global CEO Alexei Yakovitsky told CNBC Wednesday, in a softening of rhetoric following recent reports the Russian bank was considering moving its investment banking headquarters away from the U.K. capital.

BofA, Barclays profit when others decline in Russian deals

Flag of Russia

Investment banks earned the least since 2002 from Russian corporate deals last year as sanctions and low oil prices curbed transactions, according to the consultancy Freeman & Co. Domestic lenders garnered more than half of the commissions for the first time as international firms retreated.

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VTB will keep investment banking base in London

Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business , the bank's first deputy president said.

London Canary Wharf

Russia’s VTB Capital tempers talk of a retreat from post-Brexit London

It is "definitely very early to say" what the implications of Brexit will be on the financial industry and on London, VTB Capital Global CEO Alexei Yakovitsky told CNBC Wednesday, in a softening of rhetoric following recent reports the Russian bank was considering moving its investment banking headquarters away from the U.K. capital.

Flag of Russia

BofA, Barclays profit when others decline in Russian deals

Investment banks earned the least since 2002 from Russian corporate deals last year as sanctions and low oil prices curbed transactions, according to the consultancy Freeman & Co. Domestic lenders garnered more than half of the commissions for the first time as international firms retreated.