Citigroup will temporarily close up to 15% of branches

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Citigroup will temporarily close up to 15% of branches


FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

(Reuters) – Citigroup Inc (C.N) will temporarily close up to 15% of its U.S. branches in light of reduced foot traffic amid the coronavirus outbreak, a spokesman told Reuters.

The third largest U.S. lender said it would also temporarily reduce branch hours and redeploy staff to open branches to ensure access to essential services. Citigroup has roughly 700 branches.

Reporting by Imani Moise, Editing by Franklin Paul



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