I think allot of Banks have a ton of assets tied up in commercial real estate. This is the real reason they are pushing everyone to go back to work. A lot of powerful people will loss money if the commercial real estate market crashes.
What I don’t understand is, why do companies who don’t make money from real estate give a shit? When everyone at my job who could work from home went home to work, our CEO’s reaction was, “If everyone can work from home, why the hell were we paying all this money for rent?”
To the extent possible, everyone is still working from home, and where the organization couldn’t get out of leases, they’re planning to let them expire. They’re not spending more money to have people work on site just because they have sunk costs in a lease.