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Wells Fargo, Bank of America roll out office-return benchmarks

March 31, 2021


Wells Fargo is setting its sights on a September office return, CEO Charlie Scharf and Chief Operating Officer Scott Powell told employees in a memo Tuesday.

“We are encouraged by the significant increase in vaccination availability and have started to plan for a return to a more normal operating model in September, soon after the Labor Day holiday in the U.S.,” Scharf and Powell wrote, according to Bloomberg.

The bank told its roughly 200,000 employees working away from the office to plan to do so through Sept. 6 — prolonging a remote-work arrangement that has typically seen month-to-month extensions.

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