Deutsche Bank to Close IT Operations in Russia 

The Financial Times reports that Deutsche Bank is winding down its remaining software technology operations in Russia’s Moscow and St Petersburg as the German lender looks to end its two decades of reliance on Russian IT expertise. <br />The bank has offered individual severance packages to the 500 IT professionals still left on its payroll in Russia and wants to shed the staff in the coming six months. <br />The lender subsequently started relocating several hundred Russian IT experts to Berlin, with Handelsblatt reporting that a mid-three-digit number of the IT experts had moved as of June last year.