Germany’s biggest lender, Deutsche Bank, has chosen a new office for its London headquarters. Policymakers viewed the move as a vote of confidence in Britain’s capital despite the country’s decision to leave the EU.Germany’s Deutsche Bank revealed Friday it had picked a site for its new British headquarters. The lender employs 9,000 people across the UK – 7,000 in London alone, and currently has 15 buildings scattered across London, including its current Corporate & Investment Bank (CIB) headquarters at Winchester House in the City of London. They are concerned that the City’s cherished status as a global financial hub will be diminished by Brexit. Other financial firms with headquarters in London are already looking to shift jobs to centers on the Continent amid fears they may lose crucial EU trading rights post-Brexit.

Source: Daily News Egypt March 24, 2017 19:52 UTC