While much of the employment news coming out these days is brutal and depressing, Citi is bucking the trend, announcing it plans to offer full-time positions to the majority of its 1,500 people who will serve as summer interns this year.
The bank, which has 750 interns in the U.S., says any intern in its New York, London, Hong Kong, Singapore, and Tokyo offices who completes the minimum requirements of the program will receive the offer upon graduation.
In addition to the job offer, Citi has delayed the start date of the intern program until July 6 due to the COVID-19 coronavirus pandemic. However, it says, despite the shortened time frame of the program, interns will still receive the 10 weeks pay they were promised.
“We know that it is an especially trying time for you right now, as you work to finish the semester away from school, removed from your friends and on-campus experiences, and think about the economy and job market you’ll find yourself in after graduation,” said Courtney Storz, City’s head of campus talent acquisition in an email to summer interns. “We realize your college experience is going to be quite different than what you planned or imagined. While there are many uncertainties ahead for all of us, we hope that these changes give you a measure of reassurance about your role at Citi and our commitment to you.”
More must-read finance coverage from Fortune:
—3 strategies small business owners are using to get their SBA stimulus loans faster
—When will your SBA loan be approved? Why the process is moving so slowly
—College educated investors may be more likely to fall for coronavirus scams
—Corporate credit markets do brisk business after Fed help
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEO
—VIDEO: 401(k) withdrawal penalties waived for anyone hurt by COVID-19
Subscribe to Fortune’s Bull Sheet for no-nonsense finance news and analysis daily.