Capital One Financial has asked its non-essential staff in the UK, the US and Canada to work from home through at least 7 September 2020.
In an internal memo, Capital One Financial CEO Richard Fairbank announced the decision, Reuters reported.
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The bank toughened its stance against Covid-19 pandemic, when other financial institutions are planning to recall their workers at offices.
In March, Capital One Financial said that nearly more than 40,000 employees are working remotely.
In an internal memo, Fairbank was quoted as saying: “We have been able to operate effectively. Given current health conditions and uncertainties in our major markets, we feel this decision supports the health and safety of our associates and communities.”
He further added that the staff will be given at least six weeks’ notice, if the company decides to revise the remote working guidelines.
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By GlobalDataNotably, the US is one of the worst affected nations by the Covid-19 pandemic. As of 6 May, it has confirmed more than 1.2 million confirmed cases.
Currently, around 75% of Capital One branches are open. The staff working at the branches are serving from behind a protective glass or through drive-through windows.
Headquartered in Virginia, Capital One Financial provides retail and commercial banking services. Particularly, it offers deposits, personal credit cards, investment products, loans, and online banking services.
According to its website, Capital One is the fifth-largest consumer bank in the US.
