"Given the changing external environment, we are delaying our Return to Office plans," Wells Fargo said in a statement that was sent out on Tuesday and seen by FA-IQ.
The Hills Morning Report A devastating night for Trump; Biden has COVID, Arizona puts Trumps political influence to the test, Trump-Pence proxy battle takes center stage in Arizona, Record heat leads to more air conditioning, creating a depressing loop, Lawmakers want to expand affordable housing. Earlier this month Citigroup told its employees in the New York metro area to work from home if theyre able to. Amid the spread of Omicron, Wells Fargo has once again pushed back -to-office dates . What laws could have stopped the Highland Park shooting. Amid the spread of the omicron Covid-19 variant, Wells Fargo has pushed back plans for employees return to office. Communities say, Not in my back yard, Five takeaways from Thursdays Jan. 6 hearing, Trump accused of dereliction of duty in dramatic Jan. 6 hearing, Seven stunning moments from the Jan. 6 hearing, Reporter: Facebook using ex-CIA to decide misinformation policy is very, very worrying, Watch live: Buttigieg testifies on infrastructure, Watch live: Karine Jean-Pierre holds press briefing, Watch live: VP Harris delivers remarks at NAACP convention, Watch live: Biden, Palestinian President Mahmoud Abbas deliver remarks from West Bank. The financial sector is closely monitoring the spread of the variant. Morgan Stanley recently reportedly told its brokers in New York to stay home until 2022. Meanwhile, Bank of America Corp. and Citigroup Inc.are allowing New York City-based employees toworkremotely during the holiday period, Reuters reported. Wells Fargo said it will announce new plans for a full return in 2022, according to Reuters. All locations are available for use by vaccinated employees on a voluntary basis, it added. 1998 - 2022 Nexstar Inc. | All Rights Reserved. Wells Fargo said that it will communicate its plans for fully returning teams back to the office in the New Year. In its statement, the financial company said that close to 100,000 employees have been coming into a Wells Fargo location throughout the pandemic. Approximately 100,000 employees for the bank have reported in-person throughout the pandemic, the company said in a statement, per the wire service, addingthat Wells Fargo officesare open to vaccinated employees who wish to return to them.
As of their reporting, Goldman Sachs Group Inc. had not told its employees they could do the same. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. The wirehouse, which is delaying the January 10 date previously set for many of its employees, will "closely monitor the environment," it said. Thebank had previously scheduled a mandatory returnto the office for many employees onJan. 10, but said on Tuesday that it is delaying that return given the changing external environment, according to Reuters. As of December 20, omicron had been detected in most U.S. states and territories and is rapidly increasing the proportion of Covid-19 cases it is causing, according to the Centers for Disease Control and Prevention. Wells Fargo Again Delays Return to Office Plans amid Omicron Spread, UBS, Wells, LPL, Others Agree to Pay Close to $10M Over Alleged Share Class Violations, Finra Fines Merrill $950K Over Alleged Failure to Supervise ACH Transfers, Avantax Settles with SEC for $17M Over 12b-1 Fees, Revenue Sharing in Cash Sweep Products at 1st Global, Schwab Partners with T. Rowe Price to Bring NTF Mutual Funds to Its RIAs, UHNW Worry About Tax Hikes Drops Further as Bidens Package Faces Manchins Opposition, Global Infrastructure Management to Pay $4.5M in SEC Settlement, Calpers Chief Marcie Frost Says Hedge Fund Fees Remain Problematic, Firm to Pay Investors $50M Over Misleading Fee Statements, Merrills One-Stop Shop Ambition; Andy Sieg Touts Work-from-Office Culture, Wells Fargo Consolidates Platforms, Woos Independents, BofA FA Count Shrinks by 936 YoY; Wealth and Investment Client Assets Down 8%, Dreaming Big(ger): RIAs Rethink Office Spaces. This comes as the U.S. is dealing with another wave ofCOVID-19 infections as the highly infectious omicron variant spreads across the country, with Centers for Disease Control and Prevention data released on Mondayshowingthat the strain now accountsfor 73 percent of U.S. cases of the virus. The wirehouse has delayed employees return to office on a number of times. Wells Fargo follows other U.S. companies, includingAppleandFord, that have pushed back planned returns to the office in recent weeks. We invite you to join the discussion on Facebook and Twitter. Wells Fargo & Co. said it will push back plans for employees to return to the office amid the ongoing spread of the omicron COVID-19 variant,Reuters reported. Wells Fargo had 254,000 employeesas of the end of September, according to Reuters. In September, Wells Fargo pushed back back-to-office plans for operations and contact center staff until January, according to Reuters, the fourth time it delayed the move. The Hill has removed its comment section, as there are many other forums for readers to participate in the conversation.