Deutsche Bank has banned text messages on company-issued phones in an effort to improve compliance standards.
The functionality will be switched off this quarter, chief regulatory officer Sylvie Matherat and chief operating officer Kim Hammonds told staff in a memo on Friday, according to a person with knowledge of the matter.
Unlike emails, text messages can't be archived by the bank, said the person, who asked not to be identified discussing internal matters.
Deutsche Bank is working to improve compliance and clean up a reputation dented by a series of probes into its role in the sale of toxic debt, manipulation of interest-rate benchmarks and failure to prevent possible money laundering in Russia.
Chief Executive Officer John Cryan, who has made changing the culture at the bank a key pillar of his revamp, last month reached a US$7.2 billion (NZ$10b) agreement in principle with the Department of Justice to settle an investigation into the bank's sales of mortgage securities before the financial crisis.