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Bank of Montreal to bring bankers back to offices on Monday -Breaking


© Reuters. FILEPHOTO: Sign for Bank of Montreal Toronto (Ontario, Canada) December 13, 2021. REUTERS/Carlos Osorio

TORONTO, (Reuters) –Bank of Montreal will bring employees of its corporate banking and investment unit back into offices starting Monday. This was confirmed by Reuters’ spokesperson late Wednesday.

This is Canada’s first major lender to establish a date for a return to office following the removal of COVID restrictions from Ontario, which is home to five of the largest banks in the country.

A spokesperson from Canada’s fourth-largest bank, said via email that there will be a different time frame for the return of bank premises depending on which groups, teams, or geographies are involved.

Bloomberg announced the plans Wednesday.

After the Omicron revival, most of Canada’s largest banks had to put off their plans for return-to-office.

Royal Bank of Canada (the country’s largest lender) will adjust its return-to office plans according to business and region. In certain cases, rapid testing may continue as an option to vaccines, said a spokesperson on Wednesday.

Toronto-Dominion Bank said that it has not changed its plans.

American financial companies are starting to send employees back to work after having their plans thwarted due to the variant.

Goldman Sachs, Bank of America (NYSE;) and Jeffries started bringing back their employees. Morgan Stanley JPMorgan (NYSE) Citigroup (NYSE: ) We expect this to happen in the month of October; American Express (NYSE:), and Bank of New York Mellon(NYSE:) will bring back staff in March.

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