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StockWatch: German Bank’s Brexit Restructuring

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Deutsche Bank is relocating over 100 bankers from London to offices in the EU following a restructuring following Brexit.

Deutsche is also using Britain’s exit from the EU as a broader opportunity to cut office costs in expensive cities such as London.

Commerzbank is embarking on a radical four-year turnaround program.

The bank now expects a slight rise in annual revenue instead of a minor decline.

– #DBKG 02:30
– #CBKG 03:45

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