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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.
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