According to the British Telegraph, JPMorgan Chase & Co. has drawn up plans to relocate operations from Frankfurt to the City of London and other European countries in the event of a possible power outage in Germany.
The business games are broad.
The relocations could take place from any location to any location, the newspaper reports, citing informed circles.
The Wall Street Bank would possibly also fall back on emergency generators.
This could ensure office operations for several days if there is no power in the area.
In order to secure the energy supply in winter in view of the gas crisis, Federal Economics Minister Robert Habeck decided on Monday to keep the Isar 2 and Neckarwestheim nuclear power plants available as an emergency reserve.
Olaf Scholz emphasized on Sunday that the federal government had done everything "reasonable" to prevent a blackout.
"I am very sure that we will be spared that," said the Chancellor, pointing out that coal-fired power plants would also be taken off standby.
This saves gas when producing electricity.
According to informed circles, after the complete stop of Russian natural gas supplies, the federal government will probably miss its goal of filling the natural gas storage facilities to 95% by the beginning of November.