Banco BPM sets up new 'disaster recovery rooms' in Italy's virus emergency: sources [Reuters]
INTESA SANPAOLO S/ADR (ISNPY)
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Source: Reuters
Banco BPM sets up new 'disaster recovery rooms' in Italy's virus emergency: sources MILAN (Reuters) - Italy’s Banco BPM ( BAMI.MI ) is rushing to set up new “disaster recovery rooms” after an area close to one of its existing crisis facilities emerged as the epicenter of the coronavirus outbreak, three sources familiar with the matter said. Italy’s third-largest bank, born from the merger of Banca Popolare di Milano with Verona-based Banco Popolare, has its core operations the northern regions of Lombardy and Veneto, the areas hardest hit by one of the world’s worst outbreak of the new coronavirus outside of China. Authorities have identified as the epicenter of the contagion a cluster of towns located near Lodi, some 60 km (40 miles) southeast of Milan, as well as a smaller zone in neighboring Veneto where a total of 50,000 inhabitants have been placed under quarantine. Banco BPM had one of its existing five “disaster recovery” rooms, also known as “business contingency” rooms, in
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