Deutsche Bank could move up to 4,000 jobs out of the UK as a result of Brexit – nearly half its UK workforce.
The possibility raised by the firm’s chief regulatory officer was the latest warning from a financial firm since the UK voted to leave the European Union.
Currently, UK-based companies can conduct business throughout Europe, but could lose that right.
The warning came ahead of Deutsche’s latest results which showed that job cuts had boosted profits.
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The bank reported that first-quarter profits more than doubled to $631.4 million USD helped by cost-cutting efforts which have seen 3,300 job losses in the past 12 months.
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