Deutsche Bank (DBKGn. DE) is considering transferring large amounts of assets from London to Frankfurt to meet European regulatory requirements after Britain's planned departure next year, a source familiar with the situation said Sunday.
Sources said Deutsche Bank would also transform its British subsidiary into an independent asset accounting subsidiary, while reducing the size and complexity of its business in the UK.
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Deutsche Bank may eventually transfer about three-quarters of its estimated 600 billion euros of capital from London to Frankfurt, the Financial Times reported earlier Sunday, citing sources familiar with the bank's management.
The report added that Tokuyi Naomi made the final decision on the scale of asset transfer.

<>Deutsche Bank plans to move back a large number of assets from London to Frankfu

 

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