Deutsche Bank moves part of London's foreign exchange operations – Worldwide

Traders at the Deutsche Bank Headquarters in Frankfurt am Main Photo: www.db.com/newsroom.

The largest German financial institution, Deutsche Bank, confirmed on Monday July 30 that she transfers the bulk of her euro clearing business from London to Frankfurt.

CNN reports that the bank has not specified what percentage of its business will be transferred, but said that "most activities" will eventually take place Frank Hartmann, spokesperson for Deutsche Bank, said "We expect that other banks will follow the same path," said Frank Hartmann, spokesman for Deutsche Bank

. impressive: 1.5 trillion dollars traded daily, which represents 75% of the total of these transactions

Keywords

Deutsche BankFrank HartmannBrexiteurocliring