New York City authorities are investigating the collapse of a $2.5 billion office tower owned by a major Wall Street bank.
The building at 538 West 42nd Street in midtown Manhattan collapsed in February and the Federal Reserve said it was the worst building collapse in U.S. history.
The FDIC said it is investigating the cause of the collapse.
FDIC spokesman Paul L. DiFilippo said the FDIC was cooperating with the probe and would provide additional information as it becomes available.
The collapse of the building in New Jersey, the first major financial collapse to hit the U.T.M.I. tower, was one of the most severe in the financial system in recent memory.
It was the biggest financial crisis to hit a U.K. financial institution since the financial crisis of 2008.
In a statement Thursday, Citigroup said it has closed its London offices and said it will lay off up to 2,000 people, including 1,600 employees in London.
Citigroup’s London headquarters have been in operation since 2008.
Citigroup said the company has about 10,000 employees worldwide and is committed to its investment in the United Kingdom and globally.
It said it expects to incur significant losses in the U .
K. and elsewhere, including from the loss of its global network of trading and financial services.