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Deutsche Bank Said to Shrink London Office Space After Job Cuts

Pedestrians outside the offices of Deutsche Bank AG in London, U.K.

Pedestrians outside the offices of Deutsche Bank AG in London, U.K.

Photographer: Simon Dawson/Bloomberg

Deutsche Bank AG plans to move some workers from a City of London office building to the Canary Wharf district and sublease the excess space, according to two people familiar with the plan.

The lender will shift at least half of the back-office staff from the Appold Street property to the Docklands office by the end of this year, the people said, asking not to be identified because the plan is private. The bank currently has about 2,000 desks in the building, one of the people said.