Deutsche Bank studies possible partial move from UK

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LONDON (AP) — Deutsche Bank says it has established a working group to consider whether to move some operations out of Britain if the country votes to leave the European Union.

The bank said Tuesday the possibility of Britain pulling out from the EU is causing concerns with clients.

Prime Minister David Cameron has promised a referendum on Britain's membership by 2017. Many in business want a vote next year to limit the uncertainty.

Bank officials say the working group would study whether it would be "advantageous for certain activities to be repatriated to the eurozone, specifically to Germany." The group would include senior executives from its strategy, risk, research and U.K. management departments.

The bank has had operations in Britain since 1873 and employs 9,000 employees in the country at 16 locations.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast