Deutsche Bank AG pulling out of Poland – banking industry sources

A report on Wednesday stated that it had strong evidence from industry sources indicating Deutsche Bank AG will close its unit in Poland within the next year, according to Reuters news. “The axe is coming for DB Securities this time,” one of the sources said. The report indicated that the possible closure of the brokerage firm could be attributed to its restructuring, as well as to the relatively weak performance of the Warsaw Stock Exchange. The WSE’s main index has faced a six percent decline this year, according to the release.