Staff are being moved to a disaster recovery site in Southwark, south London

Deutsche Bank has started to split its London-based investment bank teams following two confirmed cases of the coronavirus in its home German market.

The lender began moving some staff from all parts of its investment bank — from advisory and trading to back office and compliance — to a back-up site in Southwark, south London, this morning, according to a person with knowledge of the plans.

Deutsche splits London investment bank teams after Frankfurt virus case

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Jose Minaya’s big plan for Newton, and DWS boss predicts ‘gigantic’ stablecoin market

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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