As reported by Reuters, the management of Deutsche Bank intends to end the activities of Dom Maklerski DB Securities in Poland. The blame is the poor state of the Warsaw Stock Exchange.
Closing of DB Securities is part of a larger restructuring plan of Deutsche Bank. Speculation about the condition of one of the world’s largest banks lasts since the beginning of this year.
The official decision to terminate the activities of DB Securities have not been made, but as one of the informants tells Reuters “the ax is falling”. Sentenced to be is operating in the Poland brokerage house.
Reuters also got information about the talks which are expected to be lead by managing with DB Securities with competitive players in the market. The aim of the talks is to protect the interests of customers of the Brokerage House who have their assets in it. They [DB Securities] still have retail customers, so they have to work with the FSA to find willing to take over the customers – informant reports Reuters.
Editorial Comparic.pl contacted with DB Securities to comment on reports fromReuters. When we get an answer article will be updated.