Citi Eyes Offices in Suburbs to Ride Out Manhattan’s Recovery
- Finance industry scouting for space outside New York City
- Talks are preliminary as banks ponder pandemic safety
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Citigroup Inc. is considering opening satellite offices outside New York City as the finance industry grapples with when it will be safe to bring workers back to Manhattan.
With the pandemic fueling anxiety about public transportation and dense urban offices, large banks and financial firms in Manhattan are looking elsewhere for space to let workers spread out and avoid commuting into the city.