Banks are moving toward more business-as-usual in other ways as well. Citigroup Inc. resumed job cuts this week, joining rivals such as Wells Fargo & Co. in ending an earlier pledge to pause staff reductions during the pandemic.
Deutsche Bank AG is one exception, having told its New York City employees they can continue working from home until the middle of next year. And Bank of New York Mellon Corp. plans to let most of its staff continue working remotely for the rest of the year.
Financial firms that quickly moved thousands of employees to work-from-home setups as the pandemic ravaged New York in the spring are now having to make plans to navigate the long haul. Top U.S. health officials this week said widespread vaccine use may not come until mid- to late-2021.
This article was provided by Bloomberg News.