Citi, HSBC, Barclays Ramp Up Demands for Five Days in Office
- Wall Street banks are being forced to adapt to new Finra rules
- Traders, investment bankers made to return to office full-time
Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home.
Citigroup is requiring about 600 US employees previously eligible to work remotely to commute to company offices full-time, the New York-based firm said in a statement Thursday. Even then, the majority of staff can continue their hybrid schedules, working up to two days a week outside the office, it said.