File - A Deutsche Bank office is reflected in a puddle in Hanau, Germany, in this April 27, 2015 picture. REUTERS/Kai Pfaffenbach
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A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said Tuesday, after Deutsche Bank revealed it was considering cutting down its U.K. operations should the country pull out.Deutsche Bank, the eurozone's second-largest bank by assets and which has almost 9,000 staff in Britain, has formed a working group to consider moving some operations to Germany or elsewhere in the eurozone in case of a "Brexit," a spokeswoman for the bank said.It is not the only one to rethink its operations, according to the BBA, which lobbies on behalf of U.K. and international banks.
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