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Citi, HSBC join big banks in sending staff home amid Omicron caution

Investment banks are rolling back return-to-office plans

London's financial hub will be a lot quieter up to Christmas after lenders urged caution over the new variant of coronavirus
London's financial hub will be a lot quieter up to Christmas after lenders urged caution over the new variant of coronavirus Photo: Richard Baker/Getty Images

The final weeks of 2021 will see the City and Canary Wharf return to being ghost towns, as major investment banks tell staff to return home over Omicron fears.

Citigroup, Deutsche Bank, HSBC, JPMorgan and UBS are among the large investment banks to roll back their return to office plans in the wake of revised UK government guidance, according to people familiar with the matter and memos seen by Financial News.

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