LONDON – A few of Europe’s greatest banks are making ready back-up mills and to dim the lights as they brace for potential energy cuts and power rationing that threaten the cash system underpinning the area’s economic system.
As Russia throttles fuel provides to the continent, banks are stress-testing how they will address energy shortages and lining up different sources of power, resembling mills, in order that ATMs and on-line banking do not go darkish.
There’s a particular urgency for monetary companies to behave due to the significance of funds and transactions to Europe’s economic system, already fragile because of the fallout of conflict.
Whereas the sector tailored to COVID-19 lockdowns and distant work…
Carry on studying: Europe’s banks dim lights as they brace for winter blackout
