Deutsche Bank posted an announcement yesterday stating that it is to cut back on some operations in Russia, following a downturn in profits, sanctions and ongoing investigations into share trades. It intends to close its corporate banking services and securities business in the area. It appears this announcement was released prematurely, since it was posted on a German website yesterday, but subsequently removed today. Deutsche Bank in Russia have declined to comment at present.
Deutsche Bank posted an announcement yesterday stating that it is to cut back on some operations in Russia, following a downturn in profits, sanctions and ongoing investigations into share trades. It intends to close its corporate banking services and securities business in the area. It appears this announcement was released prematurely, since it was posted on a Russian website yesterday, but subsequently removed today. Deutsche Bank in Russia have declined to comment at present.