Deutsche Bank, the largest bank in Germany, plans to transfer € 450 billion in assets from London to Frankfurt since the European Central Bank (ECB) intensified pressure, the Financial Times reported.

According to the publication, the ECB claims that Deutsche Bank should reduce its capital to 75 % in the UK so that its branch in London meets the standards set by European banks for branches in the third countries.

Great Britain will become such a country after leaving the EU in March 2019. Deutsche Bank assets in London make about 600 billion euros.

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