🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

JPMorgan, Barclays join bank rush to reopen offices in England

Published 01/21/2022, 08:57 AM
Updated 01/21/2022, 10:16 AM
© Reuters. FILE PHOTO: General view of a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo
C
-
GS
-
BARC
-
DBKGn
-
SCBFF
-

By Iain Withers and Lawrence White

LONDON (Reuters) -JPMorgan, Barclays (LON:BARC) and Deutsche Bank (DE:DBKGn) have told staff they can return to the office in England, joining a growing number of banks reopening their buildings after COVID-19 restrictions were eased this week.

JPMorgan (NYSE:JPM) told staff in England to return from Feb. 1, adding they expected people to work at least some days in the office every week according to working patterns agreed within teams, an internal memo seen by Reuters said.

The bank also encouraged staff to get vaccinated and to get a booster when eligible, but said it did not require this for people to return. A bank spokesperson confirmed the contents of the memo.

Deutsche Bank has told employees they can start coming back to the office from Jan. 31, a spokesperson said.

Barclays will also resume hybrid working in England from next week, a source familiar with the matter told Reuters.

© Reuters. FILE PHOTO: General view of a Deutsche Bank office in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo

Some staff including traders had continued to use Deutsche Bank offices, but now others will be able to return, with most working on average around three days a week in the office, the spokesperson said.

The banks join others including Standard Chartered (OTC:SCBFF), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and HSBC in moving quickly to get people back in the office after the British government scrapped work from home guidance for England.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.