German Banks Cancel U.S. Securities Deposit Accounts, FTD Says

Dec. 13 (Bloomberg) -- German lenders including Deutsche Bank AG and UniCredit SpA’s German division are canceling securities deposit accounts with U.S. customers after new regulations in the country led to higher costs, Financial Times Deutschland reported in a preview of an article to appear in tomorrow’s edition, without saying where it got the information.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net