Citi to Shutter Some Branches After Seeing Drop in Foot Traffic
Signage is displayed outside of a Citigroup bank branch in New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Citigroup Inc. will temporarily close as many as 15% of its branches by the end of the week after seeing a drop in foot traffic as more Americans have been ordered to stay home to stem the spread of coronavirus.
The lender is closing sites that are used less and sending branch workers and customers to nearby locations, the firm said in an emailed statement. The bank will also temporarily reduce the hours of those branches that remain open.