Deutsche Bank has frozen hiring plans in North Carolina in response to a controversial state law that removes protections for gay people.
Earlier in September, the German bank had announced plans to hire 250 new employees at its technology development centre in Cary, North Carolina and had plannd to invest $9m in the expansion.
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The lender currently employs a workforce of about 900 at the centre.
The move by Deutsche Bank comes on the heels of a similar decision taken by electronic payments firm PayPal last week. The payments firm also halted plans to hire 400 last week in protest of the new law.
Deutsche Bank co-CEO John Cryan said: "We’re proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future."
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