HALISTER1: Banks Said to Close Some Customer Accounts Amid New Rules: FT

Banks Said to Close Some Customer Accounts Amid New Rules: FT

(Bloomberg) -- Deutsche Bank, Barclays and UBS have decided to close the accounts of between 20,000 to 35,000 customers each in their corporate and investment banking operations, Financial Times says, citing people briefed on the matter.
  • Closures come as banks consider some of their client accounts either too risky under anti-money laundering rules or because they’re unprofitable given new banking regulations, FT says
  • NOTE: Earlier: Deutsche Bank Sued by Shareholder Over Disclosures
  • NOTE: May 1, Deutsche Bank Financial-Crime Controls Faulted by U.K. FCA: FT
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BARC LN (Barclays PLC)
DBK GR (Deutsche Bank AG)
UBSG VX (UBS Group AG)

To de-activate this alert, click here

UUID: 7947283