• Deutsche Bank is shifting business out of London - and it hints at a troubling post-Brexit future for a $1 trillion industry

    4 monthes ago - By Chron

    Russell Boyce/Reuters
    Deutsche Bank is moving close to half of its euro clearing volumes from London to Frankfurt, according to the Financial Times.
    It's a blow to the City of London, which is at risk of declining as a global financial centre post-Brexit.
    Eurozone financial bigwigs argue euro clearing should take place within the euro area. Britain's vote to leave the EU has revived and strengthened these arguments.
    LONDON - Deutsche Bank has executed plans to shift around half of its euro clearing activities out of the UK in a move that will worry those seeking to defend the City of...
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  • Deutsche shifts chunk of euro clearing to Frankfurt from London

    4 monthes ago - By Reuters

    Deutsche Bank has begun clearing a "large part" of new euro-denominated derivatives trades in Frankfurt instead of London, a spokesman confirmed on Monday as a key Brexit battleground in financial services heats up.
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  • Deutsche Bank shifts large part of euro clearing to Frankfurt from London

    4 monthes ago - By Reuters

    Deutsche Bank has moved a "large part" of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday.
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