Coronavirus strikes Deutsche Bank in Frankfurt

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Coronavirus strikes Deutsche Bank in Frankfurt

Deutsche Bank has scrambled to activate its business continuity plans after a case of the Coronavirus at its office in Frankfurt.

It's not clear which area of the business was affected, but Bloomberg reports that Deutsche is dividing its sales and trading teams at its German head office, suggesting the disease may have infected someone on the trading floor.

Some members of the team will work on a recovery site and some will work from home. The arrangement will continue until March 27th. In an internal memo, a spokesman said the employee is in, "good health and good spirits." The bank is deep cleaning floors one and two in its north tower. 

Deutsche Bank declined to say where the recovery site is located. In London, recovery sites are typically based in unpopular areas outside the centre of the city. 

Deutsche Bank had a bad day all round yesterday. As well as the case of the virus in Frankfurt, its share price fell 17% to the lowest level ever and the bank cancelled its planned celebrations for its 150th birthday.

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