Deutsche Bank moves Wall Street


© Reuters. DEUTSCHE BANK MOVES WALL STREET

(Reuters) – Deutsche Bank (DE:DBKGn) will move its headquarters from Wall Street to another address in new york, at a time when the first German bank no longer seems to want to impose at all costs on the american market.

The move, announced in an internal note to staff, must begin in the third quarter of 2021 and be completed in 2022, according to a source aware of the dossier.

The commercial presence of Deutsche Bank in New York should be reduced by 30%, according to the note.

The chairman of the management board Christian Sewing said last month that Deutsche Bank would reduce the wing in the trading of shares and bonds and would invest in the bank deposit in Germany and in asset management in Europe.

(Diptendu Lahiri; Wilfrid Exbrayat for the French service)

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