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JPMorgan, Barclays join bank rush to reopen offices in England

01/21/2022 | 10:12am EDT
FILE PHOTO: Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London

LONDON, Jan 21 (Reuters) - JPMorgan, Barclays and Deutsche Bank 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 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.

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, Citigroup, Goldman Sachs and HSBC in moving quickly to get people back in the office after the British government scrapped work from home guidance for England. (Reporting by Iain Withers and Lawrence White, Editing by Alexander Smith and Louise Heavens)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -0.07% 153.18 Delayed Quote.-18.33%
CITIGROUP INC. -0.06% 49.75 Delayed Quote.-17.57%
DEUTSCHE BANK AG -1.37% 9.362 Delayed Quote.-15.03%
HSBC HOLDINGS PLC 1.13% 491.4 Delayed Quote.9.38%
JPMORGAN CHASE & CO. -0.82% 117.34 Delayed Quote.-25.29%
STANDARD CHARTERED PLC -1.32% 582.8 Delayed Quote.30.82%
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Analyst Recommendations on BARCLAYS PLC
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Sales 2022 23 281 M 29 019 M 29 019 M
Net income 2022 4 513 M 5 626 M 5 626 M
Net Debt 2022 - - -
P/E ratio 2022 5,83x
Yield 2022 5,00%
Capitalization 25 601 M 31 911 M 31 911 M
Capi. / Sales 2022 1,10x
Capi. / Sales 2023 1,09x
Nbr of Employees 81 600
Free-Float 99,6%
Duration : Period :
Barclays PLC Technical Analysis Chart | BARC | GB0031348658 | MarketScreener
Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 152,72 GBX
Average target price 227,51 GBX
Spread / Average Target 49,0%
EPS Revisions
Managers and Directors
C. S. Venkatakrishnan Group Chief Executive Officer & Director
Angela Anna Cross Group Finance Director & Executive Director
Nigel Paul Higgins Group Chairman
Mark Ashton Rigby Group Chief Operating Officer
Laura Padovani Global Head-Compliance Services
Sector and Competitors