Citigroup Closing up to 15% of its Branches Due to Coronavirus
In line with recent trends in the banking industry, Citigroup (NYSE: C) is temporarily closing many of its branches. The company, one of the "big four" American banks, is to close up to 15% of those outlets to help mitigate the spread of the SARS-CoV-2 coronavirus, it revealed to the media.
All told, around 700 branches will be shuttered. The closings will affect branches only in the company's key markets, specifically its home base of New York, as well as Washington D.C., Chicago, Miami, Los Angeles, and San Francisco. They will be enacted by the end of this week.
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Source Fool.com
