Reported 6 months ago
Citigroup has asked 600 U.S. employees eligible for remote work to return to the office full-time due to regulatory requirements making it difficult for Wall Street banks to allow offsite work, particularly in roles like trading. While most Citi employees will still have a hybrid schedule with three days in the office and two remotely, this move comes as the Financial Industry Regulatory Authority is set to reinstate pre-pandemic rules for monitoring workplaces. Additionally, Barclays and HSBC are also adjusting their work policies, with Barclays mandating its investment banking staff to be in the office or meeting clients five days a week, while HSBC is discussing regulatory shifts with around 530 employees in New York.
Source: YAHOO