Deutsche Bank may leave Britain in event of ‘Brexit’ – reports

Bank reported to be investigating how it would move operations back to Germany if referendum results in split from European Union

Deutsche Bank would consider whether to relocate some of its UK operations if Britain left the EU, according to reports.

The German lender is said to have established a working group to assess the consequences of a possible “Brexit” following an in/out referendum that David Cameron has pledged to hold by 2017.

A spokesman for the bank told the BBC it was “early days and no decisions have been made”.

The Financial Times said it was the first financial giant to formally review its position and would consider whether to move some parts of the business back to Germany.

According to the company’s website it employs more than 8,000 people in the UK, including at its office in London.

Full article: Deutsche Bank may leave Britain in event of ‘Brexit’ – reports (The Guardian)

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