HALISTER: Deutsche Bank’s Sewing Sees U.K. Banks Hit Hardest by Vote: FAS

Deutsche Bank’s Sewing Sees U.K. Banks Hit Hardest by Vote: FAS

(Bloomberg) -- Banks focused purely on U.K. may be hit hardest by country’s decision to leave EU, at least short-term, Frankfurter Allgemeine Sonntagszeitung cites Deutsche Bank mgmt board member Christian Sewing as saying in interview.
  • Deutsche Bank looks “good” compared with other lenders and co’s home mkt Germany is seen as haven of stability
  • All Europeans lose in U.K. leaving EU though Frankfurt won’t become weaker
  • NOTE: Deutsche Bank CEO: Brexit Consequences Negative for All Sides
  • Postbank unit should be “technically” independent June 30
    • Deutsche Bank probably won’t divest Postbank this yr
  • NOTE: Deutsche Bank Mulling ‘Creative’ Postbank Exit, Cryan Says
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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DBK GR (Deutsche Bank AG)

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Christian Sewing (Deutsche Bank AG)

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