Deutsche Bank allowing US staffers to work from home through next summer

Deutsche Bank does not plan to allow U.S. staffers back into its offices until next summer. 

Americas chief of staff Matthias Krause outlined the bank’s plans during a town hall Wednesday, The Wall Street Journal reported, after employees put pressure on leadership to lay out a clear outline as they continue to maneuver unknowns such as school reopenings. 

In a memo obtained by the Journal, Krause acknowledges New York City’s “success in containing COVID” but added that workers have “understandable concerns about public transportation, cleanliness, security and other quality of life issues.”

“Many of you do not wish to return to 60 Wall Street soon,” the memo said, referring to the bank’s downtown Manhattan office. 

The bank is moving to a new office and trading floor next summer when in-person operations are slated to return, the Journal noted.  

The move by Deutsche Bank is at contrast with other big U.S. banks, such as JP Morgan and Bank of America, which will begin having some staffers work from their offices as early as this month.