Deutsche Bank (DBKGn.DE) said on Monday that it would move assets from London to Frankfurt after Britain’s planned exit from the European Union next year, in line with demands from British and EU regulators.
The US ambassador to Germany has called on Berlin to block an Iranian bid to withdraw large sums of cash from bank accounts in Germany to offset the effect of new US financial sanctions imposed after Washington withdrew from a 2015 nuclear deal.
Around one million bank employees went on strike across India Wednesday, a union representative said, demanding better pay and a government crackdown on companies who willfully default on loan payments.
Three Iranian banks namely Middle East Bank, Saman Bank and Sina Bank are planning to open branches in German cities to increase Iran's trade relations with Europe, according to Iran's ambassador to Germany.
Qatar has asked the US to investigate reports that the American subsidiary of the largest bank in the UAE is manipulating the Qatari currency to harm the country's economy amid a diplomatic dispute with Saudi Arabia.