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Deutsche Bank Tells Americas Investment Bankers to Work at Home

  • German company cites concern that ‘a second wave may come’
  • Workers told in September they could stay home until next year

Deutsche Bank AG told its Americas investment bankers to stay at home as the number of Covid-19 cases climbs.

“We have been concerned that a second wave may come, and it is not surprising that this should impact Deutsche Bank,” Chief of Staff Matthias Krause said in a memo to staff Thursday. “We have decided that front office staff in the investment bank in the Americas will work from home until further notice,” he said, noting that some staffers had been gradually returning to the office.