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Deutsche Bank Bans Text Messages, WhatsApp on Company Phones

  • To be switched off this quarter, bank tells staff in memo
  • Bank is cleaning up reputation after series of missteps
A pedestrian sits looking at his smartphone outside the Bank of England.
Photographer: Luke MacGregor/Bloomberg
Updated on

Deutsche Bank AG has banned text messages and communication apps such as WhatsApp on company-issued phones in an effort to improve compliance standards.

The functionality will be switched off this quarter, chief regulatory officer Sylvie Matherat and chief operating officer Kim Hammonds told staff in a memo on Friday. Unlike e-mails, text messages can’t be archived by the bank, said a person with knowledge of the matter who asked not to be identified discussing internal matters.