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Wall Street is throwing its weight behind the effort to repeal North Carolina’s controversial “bathroom law.”
Deutsche Bank said Tuesday it would halt plans to add 250 new jobs outside Raleigh to protest a state law that targets transgender people.
“We take our commitment to building inclusive work environments seriously,” John Cryan, co-chief executive of Germany’s largest lender, said in a statement.
In September, the bank announced plans to expand its software application development center in Cary, where it currently employs roughly 900 people.
Deutsche Bank joins major companies, including PayPal, Starbucks, Apple, Facebook and Twitter, to protest the law and similar ones being enacted in Southern states that critics say discriminate against gay, lesbian and transgender people.
North Carolina’s House Bill 2, known as the Public Facilities Privacy and Security Act, requires transgender people to use the public restroom that corresponds to the “biological sex” on their birth certificates.
Last week, rocker Bruce Springsteen canceled a sold-out show in Greensboro to protest the legislation.


