Deutsche Bank On The Move

The New York Times reports that Deutsche Bank is to move its US headquarters to Lower Manhattan. Deutsche managed to secure $34.5m cash from the World Trade Center job retention scheme and will soon have 5,500 staff on Wall Street.

New York state Governor George Pataki said that 'Deutsche Bank joins a host of other corporations whose commitments to Lower Manhattan are critical as we continue to work together in the public and private sectors to rebuild our city'.

The German bank has confirmed that it will move its headquarters to 60 Wall Street, where is already has around 1,000 staff. The bank's offices at 4 World Trade Center were destroyed in the terrorist attacks on September 11th.

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