Monday, March 16, 2020

Will The Covid-19 Coronavirus Pandemic Result In Bank Closures?

Israelis wait in line outside a bank near the Hatikva Market, Tel Aviv, March 15, 2020. (Tomer Neuberg/Flash90)

Reuters: European bank branches curtail operations to limit virus spread

FRANKFURT/LONDON (Reuters) - Two of Germany’s largest banks have temporarily closed hundreds of branches while in Italy lenders are shortening opening hours as they grapple with staff shortages and try to limit the spread of coronavirus.

Commerzbank (CBKG.DE) will close several hundred of its roughly 1,000 branches in Germany, a spokesman said, adding that the exact number was still to be determined, while HVB plans to close 101 of its 337 branches during the course of Monday.

Customers will still be able to use ATMs, online services and those branches that remain open. Several of Germany’s savings banks have already closed or are planning to close branches as well.

Read more ....

Update: Could Coronavirus Social Distancing Result In Bank Branch Closures? (Forbes)

WNU Editor: A good friend of mine who is a regional manager for the Royal Bank of Canada told me last week that measures will soon be introduced to protect the staff in their branches. No surprises there. They are not only concerned about their staff facing possible Covid-19 infected clients, but also the ATM machines touched by infected clients, and the money that they handle. A scenario like this will probably be happening to all of soon .... Bank of Israel orders most retail banks closed, special services for elderly (Times of Israel).

10 comments:

Bob Huntley said...

It could become scary if all the people, some of which may not actually be customers, come into the bank wearing face masks. In the winter time, a bank near one of the Casinos I go to puts a sign on the door, "For security reasons, please remove your balaclava on entering the Bank". I imagine in the far north that is the norm.

Anonymous said...

Yea done with this blog its not even war news any more. Talk about paranoid tootles.

Anonymous said...

Look phase 2 is coming soon a different virus fools

Anonymous said...

This comes from the highest order in religion

Anonymous said...

Bye bye

Bob Huntley said...

Hang in there Anon.

In a relatively short time frame, maybe 5-6 weeks the Coronavirus will be on a downswing, like in China. Then the site will get back to reporting on the much more effective killer of humans, war, minor armed conflicts, and subversive efforts to create even more killings.

Anonymous said...

My wife's bank has already had closures at many branches where we live in canada. Hers is the only one in the rural area and they are only open 10-4 with half the staff taking 2 weeks on 2 weeks off for now.

Anonymous said...

Not really, we have terribly cold winters but everyone removes their masks when entering a heated building. You'd be sweating your balls off in a few minutes otherwise.

Anonymous said...

Good to see this blog has sold out. Glad your getting the cash, you did good work for years but I'm out. Wish you the best WNU.

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