Deutsche Bank banned staff from visiting brothels on expenses

Germany's biggest bank today banned staff from visiting brothels on expenses and putting hotel TV porn channels on their company credit card. The crackdown came in new rules issued to executives as Deutsche Bank cuts costs after losing at least £2billion so far in the global credit crunch. "Deutsche Bank does not approve of any adult entertainments and such expenditures will not be reimbursed", according to the memo leaked to news magazine Spiegel. Strapped: Germany's biggest bank is suffering the offset from the subprime lending crisisAccording to Spiegel, the new edict was aimed at senior staff in the bank's communications and social responsibility department. The memo further warns that the bank's credit cards must not be used for such purposes. Whether the ruling was prompted by a recent upsurge in executives seeking erotic relief from subprime deals that have gone bad was not specified. Further belt-tightening at the bank includes prior approval from a boss before a taxi can be taken, a limit of £50 on a business meal and train rides in Germany must all be second class if they are under one hour. Sex, yes, but don't charge us for it: Deutsche Bank warns staff
One further stiupulation is that employees stepping off of overnight flights who are expected in work or at a business meeting are now to shower at the airport instead of booking a hotel room to do so. The reason for the memo: apparently there have been "minor infringements" of late which the bank wants to stamp out in hard times.