Banks shedding real estate in moves to cut costs - News Summed Up

Banks shedding real estate in moves to cut costs


Prudential Financial Inc. and Synchrony Financial said they’ll also reduce their real estate footprints as they keep their staff working from home. Article Continued BelowWells Fargo & Co.: The U.S. banking industry’s largest employer plans to keep most of its staff working from home through at least Nov. 1. The San Francisco-based lender said it has roughly 200,000 employees working from home and is maintaining safety measures in locations that remain open. European BanksBarclays Plc: The British lender has about 69,000 staff working remotely until at least the end of September. Singapore BanksDBS Group Holdings Ltd.: Singapore’s largest bank said about 70 per cent of its local employees work from home.


Source: thestar September 14, 2020 19:40 UTC



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