Investment Banking

Barclays and others join split-working rush as virus empties the City

Most banks are now rotating teams between offices, home and back-up sites outside London

Few commuters travel on the metro train during the morning rush hour time of 0830 from Clapham North to  central London on March 17, 2020. - Britain stepped up its response to coronavirus, recommending household isolation, home-working and an end to mass gatherings to try to stem an accelerating outbreak. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)
Few commuters travel on the metro train during the morning rush hour time of 0830 from Clapham North to central London on March 17, 2020. - Britain stepped up its response to coronavirus, recommending household isolation, home-working and an end to mass gatherings to try to stem an accelerating outbreak. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images) Photo: AFP/Getty Images

The City is emptying.

This week, UK-based banks’ contingency plans commenced, led by the big Wall Street institutions, as the spread of coronavirus continues to disrupt everyday working life across sectors.

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