Reported 5 months ago
Citigroup, HSBC, and Barclays are increasing demands for their employees to work in company offices five days a week due to regulatory changes that make it more difficult for Wall Street to allow remote work. Citigroup is requiring 600 US employees to work full-time in offices, while HSBC and Barclays are also implementing similar policies for their staff. The shift comes as regulatory bodies, such as the Financial Industry Regulatory Authority, are reinstating pre-pandemic rules that may limit remote work options for bank employees.
Source: YAHOO