Deutsche to shift assets to Frankfurt after Brexit

Deutsche Bank is considering shifting large volumes of assets from London to Frankfurt after the UK's planned exit from the EU next year to meet demands from European regulators, a person close to the matter said. Deutsche will also transform its UK arm into a ringfenced subsidiary after Brexit and reduce the size and complexity of its British operations.

No final decision has been made on the size of the asset move. The FT claims that Deutsche could eventually move about three-quarters of its estimated €600bn capital.

Similar articles