Citi (C) says that staff in Paris and Frankfurt are working remotely as a precautionary measure, after recent attacks on US banks, according to a statement seen by Reuters

Citi's decision to implement remote work for staff in Paris and Frankfurt reflects a precautionary stance in response to recent attacks on US banks. This move indicates heightened anxiety in the banking sector, which could influence investor sentiment and lead to volatility in bank stocks, particularly in the EU as it raises concerns over security and operational stability within financial institutions.