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Citi Mulls N.J., Connecticut Facilities to Ease NYC Commutes (1)

Sept. 21, 2022, 10:10 PM

Citigroup Inc. Chief Executive Jane Fraser said her bank is considering providing “additional facilities” in New Jersey and Connecticut as the bank’s New York City staffers contend with rising commuting costs.

“We very much appreciate how expensive it is getting for all our people to commute,” Fraser said at a House Financial Services Committee hearing Wednesday. “We’re very mindful around that as well as being flexible for working families. And providing them more options, additional facilities and spaces for them to work either at home or in New Jersey or Connecticut are certainly things we’ve been looking at actively in ...