Deutsche Bank to move NY headquarters from Wall Street

Deutsche Bank AG will shift its New York headquarters from Wall Street to a location midtown, at a time when Germany’s largest bank is scaling back its U.S. operations.

The bank will relocate to One Columbus Circle from 60 Wall Street, according to an internal memo to employees.

The move is expected to start in the third quarter of 2021 and will be completed in 2022, according to a source familiar with the matter.

The new location will consolidate the bank’s New York presence and would reduce its commercial presence in the city by 30 percent, according to the memo.

Source: Reuters

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