Deutsche Bank downsizes in London

• Deutsche Bank (NYSE:DB) is planning on moving at least half of its back-office staff in London's main financial district to Canary Wharf, reports Bloomberg. The opened up space is then to be subleased.
• The move is in addition to an earlier plan to relocate workers in several London offices to Canary Wharf.
• Brexit may be part of it, but lenders even before the vote were cutting back in London's main financial districts. Barclays and Citigroup are also among those looking to sublet their previously used office space in London.