Big Banks Plan Staffing Limits, Shift to Suburbs After Lockdown

Wall Street in the post-lockdown era is starting to take shape.

Big banks are preparing offices meant for thousands to house a fraction of that number, with some of those displaced employees relocating to suburban outposts and some working from home indefinitely.

JPMorgan Chase & Co. expects to keep its offices half full at the most for the “foreseeable future,” and Goldman Sachs Group Inc. is reopening its Paris office with a maximum of 20% of staff allowed in on any given day. Citigroup Inc. is considering leasing offices in New Jersey and the New York suburbs of Westchester County ...