Story perspectives
Citigroup Closes Málaga Office, Reshapes Work Culture
4/25/2025
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Story summary
- Citigroup is shutting down its Málaga office in Spain to enhance operational efficiency.
- Opened in 2022, the office aimed to improve work-life balance for junior bankers.
- While most employees will be relocated, six staff members will exit the bank.
- Citi continues to have a robust presence in Spain, particularly in Madrid, with over 220 employees.
- This closure signifies Wall Street's return to pre-pandemic work practices.
