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U.S. Banks Evacuate Egypt Employees

NEW YORK ( TheStreet) -- Several international banks are evacuating employees after being shut down for two days as a result of rising unrest in Egypt.

Citigroup (C - Get Report), which has 800 employees in the country, has evacuated some staff that resided in neighboring countries, a Citi spokesperson said. The spokesperson added that the bank was following guidance from the Egyptian Central Bank, which announced that local finance institutions would be shut down again on Tuesday.

Meanwhile, HSBC (HBC) told Reuters it had set up continuity plans for its Egypt business. The bank has also been evacuating some employees. The bank has over 2,000 employees in the country.

Barclays> (BCS) also confirmed to The Wall Street Journalthat it had evacuated some employees.

--Written by Maria Woehr in New York.

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