Wall Street Banks Enforce Full-Time Office Return for Select Staff
Citigroup, Barclays, and HSBC mandate in-office work due to upcoming regulatory changes, impacting hundreds of employees.
- Citigroup requires 600 US employees to return to the office full-time, though most staff remain on hybrid schedules.
- Barclays mandates global investment banking staff to work from the office or travel for client meetings starting June 1.
- HSBC's policy changes affect 530 New York employees, but the bank aims to maintain some hybrid options.
- The Financial Industry Regulatory Authority's new rules are prompting these changes, despite its claim of offering greater flexibility.
- Major banks like JPMorgan Chase and Goldman Sachs have already enforced similar full-time office policies.