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).

from War News Updates https://ift.tt/2wbX3Xk