Deutsche Bank to move 4,000 staff from Britain due to Brexit:report

Click For Larger Image & Read More
Deutsche Bank to move 4,000 staff from Britain...
 © NapaOnline 2017
Deutsche Bank AG expects to have to move around 4,000 staff from Britain as a result of Brexit, Bloomberg reported on Wednesday.

Most of the 4,000 positions are to be transferred to the German cities Frankfurt and Berlin. The relocation process will commence next year in order to obtain the necessary infrastructure and regulatory approvals in time.

The plans are not finalized, however, and the ultimate figures could be either lower or higher, depending on the outcome of the two-year Brexit negotiations.

British-based financial institutions are concerned that they will lose...


Deutsche Bank to move 4,000 staff from Britain due to Brexit:report


The contents of this article including any associated images are © NapaOnline 2017

  • Click Here
Advertise Here

Trending Cyprus News

Article Tags: deutsche, staff, britain, brexit, report,

 

  • Click Here
Advertise Here

24hr News