In the case of Proposed referendum on United Kingdom membership of the European Union German bank plans deducting transactions from London – manager-magazin.de

 
 05/31/2016

 

REUTERS

 London financial district: “Our customers want may no longer act government bonds of euro-zone countries in the event of a Proposed referendum on United Kingdom membership of the European Union in London,” says John Cryan. The German bank chief would then stores from London to continental Europe embarrassed

John Cryan is proceeding in the conversion of Deutsche Bank. At an investor conference Cryan also described how the German Bank will proceed in the case of a “Proposed referendum on United Kingdom membership of the European Union”

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The Institute had separated by hundreds of thousands of customers and its IT systems easier, said the eleven months acting CEO John Cryan on Tuesday at an investor conference in New York. He also hopes to create some scandals soon by comparisons from the world. “We are coming closer to financial statements,” said the Briton. “We make three to four fronts progress”

Cryan is confident by the end of the biggest disputes -. About money laundering allegations in Russia and controversial mortgage business in the US – settle. Before a possible exit of Britain from the EU itself, the bank need not fear loud Cryan. “We are a German bank -. And Germany will not leak until now”

In a “Proposed referendum on United Kingdom membership of the European Union”, the German bank would adjust but like all financial institutions to market turmoil. The Frankfurt want to try to protect themselves as well as possible against market fluctuations. “We turn to the defensive mode,” said Cryan. He would relocate for a “Proposed referendum on United Kingdom membership of the European Union” in the long run businesses from London to continental Europe.

“Our customers want government bonds of euro-zone countries then probably no longer act in London.” The institute employs in the UK more than 8,000 people, including many investment bankers

Red numbers also in 2016 possible -. More branches make close

Cryan reiterated that the German bank could write again in the red because of the reconstruction in the current year. The restructuring, which should be by the end largely complete, stand 2016 in the foreground. It is important that the Bank slimmer lays and would withdraw from little profitable areas.

In the past year, the bank had closed more than 750,000 accounts. Much of the technology now run based on Apple systems.

In the planned closure of 200 branches in Germany and the associated elimination of 4000 jobs Cryan will soon have clarity. Negotiations with the works council had “terribly long” attracted, he conceded. The uncertainty of who has to go at the end, expresses many of the approximately 100,000 employees worldwide on the mood. “This is an agonizing process,” one employee representative.

The talks with the works befänden now but in the final stages, said Cryan. “I am confident that we will reach an agreement in the next one to two months and then can move forward with the branch closures and job losses.”