[...] While Deutsche Bank has said it plans to move some U.K. operations to Frankfurt and other EU cities, Chief Executive Officer John Cryan has stressed that the final decision on numbers has yet to be made and will depend on the outcome of the Brexit negotiations. The bank envisions shifting almost half its U.K. positions to the European continent over coming years, people briefed on the matter said in August.

 

Matherat has now made it clear that the bank can wait only so long for regulatory clarity. While she didn’t say at the conference how Deutsche Bank will decide in the absence of Brexit clarity, she has previously said that the bank is “hoping for the best and preparing for the worst.” [...]