Deutsche Bank Shores Up Brexit Plans, Installing Frankfurt Booking Office

[kreslik.news]

Deutsche Bank’s plans for life after Brexit have become much clearer with the instalment of a Frankfurt booking office. The group’s focus on Frankfurt represents its latest efforts towards a contingency plan for the UK’s departure from the EU.

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Back in April, Deutsche Bank was contemplating the move of approximately 4,000 jobs from London to Frankfurt given the uncertainty surrounding Brexit. Deutsche Bank’s Chief Regulatory Officer Sylvie Matherat echoed the group’s contingency plans at the time – Deutsche Bank has over 9,000 staff in the UK, of which 7,000 are located in London.

Previously, ... (read more)