Deutsche Bank's CEO says plans for "reasonable worst-case" Brexit

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Deutsche Bank's CEO says plans for "reasonable worst-case" Brexit

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FRANKFURT (Reuters) – Deutsche Bank <DBKGn.DE> is planning for a “reasonable worst-case” scenario that predicts that Britain’s deal to leave the European Union will not be favourable for the financial services industry, Chief Executive John Cryan said on Thursday.
Cryan said that the bank would be significantly affected, though in a way different from other banks because Deutsche Bank already has a headquarters in the EU and operates with a branch in London. For Deutsche, the Bank of England would gradually become more important as a regulator.
In the first instalment of a video series for staff called “Tower Talk: John Cryan on Brexit,” Cryan sat down with Deutsche Bank’s head of communications Joerg Eigendorf at the bank’s London headquarters.

(Reporting by Tom Sims)

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