more and more financial institutions in Europe to switch because of the Corona epidemic in the emergency mode. The institutions are distributed among different locations or send them to the Home Office to hold important business areas such as trade and payment transactions on the Run. At the same time closing branches and offices, where employees have tested positive for the Virus. The European banking authority (EBA) adopts the emergency plans of the money houses under the microscope. How much is for the institutions of the Euro-Zone economically on the game, is not yet in sight. Some of the banks are closely connected with Italy, where the Virus is particularly rampant strong grass.
The German Bank had to close on Tuesday night in their trade Department in Frankfurt’s banking district and basic to clean, because the Virus was found in an employee. A part of the employees working in a temporary office in the vicinity of Frankfurt, others remain in the disinfected building or work on your Laptop. The emergency measure will apply initially to 27. March.
According to financial circles, a higher two-digit number of persons is affected. In London, the emergency measures now apply since the beginning of the week. Follow for the current operation, the Bank does not. “We expect no impact on our services to our customers and are aware that these measures will require additional effort and discipline from all,” she wrote in a letter to Employees, Reuters has occurred.
meetings on the Internet
embarrassed, Commerzbank castle because of the measures taken by the Italian government to contain the epidemic in their offices in Milan, approximately 50 employees work from home. In the Milan branch, there is but a skeleton crew, said a Bank spokesman. A confirmed Corona case, it was not yet at Commerzbank.
Also, BBVA and Santander in Spain, Employees were divided. The British Bank Lloyds sent the same 1000 Employees of the mortgage, a subsidiary of Halifax home or in other offices after an employee was diagnosed with the Virus. Also, the European Central Bank (ECB) reported a first Corona case. Employees are now working from home, the interest rate meeting on Thursday will be held according to the current state yet.
With views of the soon beginning of the end of the annual General meeting of the season Santander has recommended to the shareholders, the annual Meeting for safety reasons, keep track of on the Internet. In the past few years, at General meetings, around 2000 people had participated. Many countries have large-scale events now.
Credit deferrals in the UK
the experts of The rating Agency Moody’s warned that the consequences of the Coronavirus epidemic hit, especially in the first half of the year, negative in the Bank balance sheets. A prolonged economic crisis will lead to higher loan losses. In addition, sustained low Interest rates and a lower demand for bond issues, IPOs and other capital market transactions, the already low profitability of banks will be a burden.
Deutsche Bank’s chief economist Stefan Schneider believes that as a result of the Coronavirus-crisis, the first decline in German economic performance since the financial crisis year of 2009.
In the UK, the three largest banks, Lloyds, RBS and Barclays are already beginning to the particularly strong of Corona affected customers Credit deferrals to offer.
(oli/sda)
Created: 10.03.2020, 20:06 PM
