Deutsche Bank Shifts Chunk of Euro Clearing to Frankfurt From London

Deutsche Bank Shifts Chunk of Euro Clearing to Frankfurt From London
A man walks past Deutsche Bank offices in London, Britain, Dec. 5, 2013. Reuters/Luke MacGregor/File Photo
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FRANKFURT/LONDON—Deutsche Bank has begun clearing a “large part” of new euro-denominated derivatives trades in Frankfurt instead of London, a spokesman confirmed on  July 30 as a key Brexit battleground in financial services heats up.

The shift by Germany’s largest bank will help Deutsche Boerse’s efforts to attract a large part of the euro clearing market from London as Britain exits the European Union.