SA getting paid for the full 10 weeks even if it’s virtual and Citi moving to 7/6 start

https://www.ft.com/content/0c66386e-c8b7-49da-b210-0243ab09c04d

Mr Bradley said most banks were planning to pay their interns in full as agreed and create some type of programme for them even if coronavirus meant they could not come to the office. “Financial services is so competitive that it would be hard to be the only one to cancel.”

Citigroup plans to tell its 1,500 interns it will push back their start date to July 6 from June 1, but will pay them for the 10 weeks they signed up for even though they will only work five, a person familiar with the bank’s plans said. Citi is also considering virtual options for the programme, the person said.

Finance companies’ biggest concerns about running virtual internships included network connection issues and virtual programmes being “too complex” to develop and manage properly.