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.
According 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.
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