Citigroup looks to reopen NY headquarters to some staff in July: Bloomberg News

 Citigroup looks to reopen NY headquarters to some staff in July: Bloomberg News
imageStock Markets3 hours ago (May 28, 2020 11:50AM ET)

(C) Reuters. FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto

(Reuters) – Citigroup Inc (NYSE:C) looks to return a small number of staff to its New York headquarters in July or possibly August, with workers reentering its London offices possibly even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.

Corbat said on Thursday the return will be “granular, site-by-site and within those sites, job-by-job”, adding that sometime in July or possibly August is when the bank hopes to return about 5% of some 12,000 employees at Citigroup’s main building in Manhattan’s Tribeca neighborhood.

Staff returning to work will begin next month at the Canary Wharf complex in London, he added.

“The return of our colleagues to our sites will vary depending on local conditions and be driven by data, not dates,” Citi spokeswoman Jennifer Lowney said in a statement.

“We anticipate a slow and measured reentry once local conditions permit, beginning with only a small number of colleagues who have a clear and compelling need to operate from a given location,” the spokeswoman added.

Corbat told Bloomberg that he does not envision a “virtual bank”, but he was considering less business travel.

Goldman Sachs (NYSE:GS) President John Waldron said on Wednesday the bank plans to reopen its New York and London offices to a small, “core group” of global markets and strategy employees in the coming weeks.

Citigroup looks to return some staff to NY headquarters over the summer: Bloomberg News

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!