Banks Eye Ditching Real Estate With Workers Wanting to Stay Home

  • Survey finds 61% of bank executives don’t expect everyone back
  • Traders say they miss informal dialogue and idea sharing
Photographer: Angus Mordant/Bloomberg
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U.S. bankers are planning to cut back on real estate to prepare for a world in which fewer workers make a daily commute to the office.

Roughly 61% of bank executives surveyed by Accenture Plc said they don’t expect all of their employees to be called back to the office, and more than 40% said they plan to reduce their real estate footprint as a result of the coronavirus pandemic and their new workforce strategies.