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HSBC Pauses Office Return Plans As U.K. Advises Work From Home

(Bloomberg) — HSBC Holdings Plc hit pause on efforts to return workers to its U.K. offices after the government urged people to work from home to arrest a surge in virus cases and prevent another nationwide lockdown.



a sign on the side of a building: A sign sits on the HSBC Holdings Plc headquarters office building in the Canary Wharf business, financial and shopping district of London, U.K., on Friday, Sept. 18, 2020. After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings.


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A sign sits on the HSBC Holdings Plc headquarters office building in the Canary Wharf business, financial and shopping district of London, U.K., on Friday, Sept. 18, 2020. After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings.

The U.K. bank said it will stop the return of phase one teams to its offices, according to a memo Tuesday seen by Bloomberg News. Critical workers supporting customers in branches and a small number of open offices will continue to do so while the balance of staff will

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