Reuters - Deutsche Bank said considering shifting large volumes of assets from London to Frankfurt

Deutsche Bank London

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.

Reuters reports that 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.

The Financial Times reported earlier on Sunday, citing people familiar with the thinking of the bank’s executives, that Deutsche could eventually move about three-quarters of its estimated 600 billion euros in capital back from London to its headquarters.

Hit the link below to access the complete Reuters article:

Deutsche to shift more assets to Frankfurt, ringfence UK operations after Brexit: source

Swiss regulator raps Credit Suisse for anti-corruption failings

 

 

 

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...