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Goldman Sachs leads U.S. banks in return to office -Breaking

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© Reuters. FILE PHOTO – A sign for Goldman Sachs can be seen on the New York Stock Exchange floor, 24 January 2014. REUTERS/Lucas Jackson/File Photo

Matt Scuffham, Noor Zainab Hassain

(Reuters] – Goldman Sachs (NYSE) staff in America returned to the office on Tuesday. Competitors banks will follow as COVID-19 cases fall.

Wall Street companies were the first to urge staff to return work, however, a wave of COVID-19-related infections in winter caused by Omicron led to many firms to reconsider their plans and instruct staff to stay home during the holiday season.

Bank staff have returned to work for many of the first times in several weeks.

Jefferies employees, who were the first Wall Street bank to give instructions to their staff to work remotely in December, have returned to the office on Monday.

Rich Handler, chief executive, gave a unique reward to the first seven employees who responded via Instagram. It was for those that had received the booster vaccine and were born after 1992, or earlier, and they could eat dinner with him Monday evening.

Morgan Stanley A source who has direct knowledge said that JPMorgan (NYSE) encourages employees to return next month. A spokesman for JPMorgan (NYSE) said that the nation’s biggest bank expects employees to return on a rotating basis to their office this month.

A U.S. bank worker said that it was “just great to get back in,” but did not wish to be identified.

The next Monday Citigroup (NYSE:) will require New York City employees to visit the office at minimum twice per week. Bank of America (NYSE) started bringing back staff to the offices in areas of the United States that have seen a decline in COVID-19 cases last week.

Citi, the bank, was the first to mandate that staff be vacinated and terminated without exception.

According to a source familiar with the subject, almost all staff comply with that request.

European banks have also begun to bring staff into the U.S.

Employees of BNP Paribas will be returning to work next Monday. Deutsche Bank (DE:) Staff returned Monday to work and must present a positive COVID-19 test within 72hrs of their return to the office. A person who is familiar with the situation said. They will now need to be tested for the virus one week per week. Sources say that the bank has increased its on-site testing.

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