Work from home

Since the end of COVID, each bank has set its own rules for how often employees need to show up at the office. Here's how a dozen lenders are handling the shift.

The CEO of JPMorganChase affirmed the case for bringing employees back to the office.

Elon Musk’s demand that executives be present in the office carries an important message for bankers.

A recent survey indicated banks and other firms continue to grapple with the cybersecurity challenges of remote work. To defend their data, they’re looking far beyond the traditional VPN.

Employees will still have some flexibility to work from home, but are strongly encouraged to collaborate with colleagues in person, according to people familiar with the matter.

UBS Group will let some of its U.S. employees work remotely full time, offering flexibility to staff as it seeks to lure and retain talent. 

American Express said more than 40% of its U.S. employees have opted to work remotely on a full-time basis, double the number from before the pandemic. 

As return-to-office plans accelerate — with hopes they will stick this time —  many bosses are embracing new setups and perks meant to evoke the comforts of home. At Mizuho Americas, Bank of Montreal and Deutsche Bank, the changes have gone even further: New York workers came back from the pandemic to entirely different buildings. 

While Wall Street banks press employees to return to the office this month, its regulators in Washington are largely sticking with a flexible approach to remote work.

Wall Street executives are taking another crack at bringing staff back to the office. This time, they're hoping it sticks.

American Express is encouraging staffers in New York and the U.K. to start returning to the office next month as COVID-19 cases recede globally.

Deutsche Bank employees returned to the lender's headquarters in New York on Monday after working from home during the recent surge in COVID cases fueled by the omicron variant.

Bank of America employees have returned or are making their way back in the coming weeks based on their region’s COVID-19 data and medical guidelines, according to people with knowledge of the plans.

In this fireside chat, Ida Liu, the global head of Citi Private Bank, covers a range of topics, including how digital client engagement is evolving.

American Express will give employees two weeks’ notice before it starts bringing a larger number of staffers back to its offices. The credit card giant had previously said it intended to start bringing back employees on Jan. 24.

Wall Street’s push to refill office towers across the country has been derailed again. This time it’s the highly transmissible omicron variant of the COVID-19 virus that’s forced executives to rethink their plans.

Citigroup told staffers in the New York City metropolitan area to work from home again through the holidays if they are able, citing the recent rise in COVID-19 cases in the region.

KeyCorp is “dramatically” increasing the length of parental leave for employees and offering more flexibility for working remotely as part of a number of measures to help retain talent, CEO Chris Gorman says.

Now that dispersed workforces are expected to be the long-term norm, banks are taking steps to maintain a sense of teamwork and giving managers new training in troubleshooting.

Hopes that the pandemic has been curbed have dimmed as infections and hospitalizations are on the rise again due to the introduction of the extremely dangerous Delta strain. For some companies, this has disrupted their plans to bring remote employees back to their offices or institute a "hybrid" arrangement.