Deutsche Bank considers UK exit plan

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Deutsche Bank has set up a working group which will review whether to move parts of its UK operation back to Germany if Britain votes to leave the European Union.

While a spokesperson of the Bank confirmed to the BBC that the working group has been established, no final decision on the matter has been made yet,

Deutsche has been present in the UK since 1873, currently employing more than 8000 people the majority of whom are based in its London offices.

While other banks including HSBC have warned of the possible implications of a referendum, Deutsche is the first major financial institution to officially review its  position in the UK.

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