Overview
- BMO will require employees to work on-site four days a week from September 15, 2025, subject to real estate capacity, according to spokesperson John Fenton.
- Royal Bank of Canada announced a four-day office week in late May and Bank of Nova Scotia followed with the same requirement for Greater Toronto Area teams this September.
- U.S. lenders including JPMorgan Chase now require five days in-office and Bank of New York Mellon four days, prompting staff backlash and interest in unionization.
- BMO cites its decade-long investments in modern offices such as BMO Place in Toronto as central to boosting collaboration, mentorship and innovation.
- Citibank CEO Jane Fraser has championed hybrid work as a competitive advantage and is granting extra fully remote weeks to hybrid employees over the summer.