BNY Mellon Says Working Remotely Will Continue After Pandemic

Bank of New York Mellon Corp. may encourage some of its staff to work from home more often after the pandemic as a way to cut costs, joining companies including Twitter Inc. and Barclays Plc in signaling that the crisis will permanently change operations.

With 96% of the bank’s roughly 48,000 workers working remotely, “we’ll maintain that and probably encourage some level of our employees, whether it’s rotational or not, to consider this,” Chief Executive Officer Todd Gibbons said Friday at a virtual industry conference. “We’re going to have to take a look at” real estate, as well, he said. ...