Deutsche Bank May Move Half of New York Staff Elsewhere
Deutsche Bank AG headquarters on Wall Street in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Deutsche Bank AG may move as much as half of its 4,600 Manhattan staff to smaller hubs across the U.S. in the next five years, the head of its Americas business told the Financial Times.
The German lender could “conceivably” cut its New York headcount by half in that time period, depending on the evolution of “smaller hubs and pockets,” Americas Chief Executive Officer Christiana Riley said in an interview with the newspaper published Sunday.