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DAHBOO 77 - "WORSE THAN PEOPLE CAN IMAGINE" DB TO SHIFT $350 BILLION OF ASSETS FROM LONDON TO FRANKFURT
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DAHBOO 77 - "WORSE THAN PEOPLE CAN IMAGINE" DB TO SHIFT $350 BILLION OF ASSETS FROM LONDON TO FRANKFURT
Published on Jul 25, 2017
In a project dubbed 'Bowline', Bloomberg reports that Deutsche Bank may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union. While not the first bank to threaten to move post-Brexit, the scale of asset movement is the largest yet.
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