"Iranian military leaders warned on Wednesday that they would attack banks and financial institutions in the region, according to reports in the Associated Press, Reuters, and Al Jazeera, following US strikes on the country that began in late February and resulted in the death of longtime Supreme Leader Ali Khamenei."
"Among the American banks that have heightened security measures is Citigroup, which evacuated three of its buildings in the United Arab Emirates. The bank had previously instructed employees to work from home. Wednesday's escalation by Citi to evacuate employees appears to be a step-up from the measures banks were taking as of last week."
"The vast majority of our people in the UAE have been working remotely, and we have now moved to a fully remote model for all UAE-based colleagues. We are continuing to serve our clients without interruption. The decision to evacuate three of our buildings in the UAE was responsive to information."
US banks are heightening security measures as the Middle East crisis intensifies following US strikes on Iran that resulted in Supreme Leader Ali Khamenei's death. Iranian military leaders threatened to attack banks and financial institutions in the region. Citigroup evacuated three buildings in the United Arab Emirates and transitioned to a fully remote work model for all UAE-based employees. Other major financial firms including JPMorgan and BlackRock are closely monitoring the situation and assisting employees in leaving the region. Banks are continuing client services while prioritizing employee safety amid escalating regional tensions and threats to financial targets.
Read at Business Insider
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