• Investment Banking

Top investment banks battle over hybrid working demands: ‘People are just choosing to resign’

Three years on from the onset of the Covid-19 pandemic and banks remain divided on the future of work

Many financial services professionals now face a stark choice of abiding by banks’ in-office demands, or looking for a new job.

Leonard Beard for FN

When Citigroup asked employees to return to the office at least three days a week in March 2021, it was the first major bank to set out its stall on hybrid working.

The measure, announced by chief executive Jane Fraser as part of a series of initiatives a year into the pandemic that included ‘Zoom-free Fridays’, has stuck at the Wall Street bank even as its rivals have taken a tougher line.