Citi evacuates offices in the Middle East after Iran threatens to target banks

Citigroup evacuated three of its buildings in the United Arab Emirates on Wednesday, as the crisis in the Middle East is prompting US banks to issue updated security guidance to employees.Representatives for Citi confirmed to Business Insider on Wednesday afternoon that the company implemented a "fully remote model" as it assesses the situation in the UAE, which is separated from Iran by only the narrow Strait of Hormuz. The bank had previously instructed employees to work from home."The vast majority of ou ...