Citi, HSBC, Barclays increase in-office requirements to five days a week

Citigroup Inc, HSBC Holdings Plc, and Barclays Plc are requiring more staff to work from the office five days a week due to upcoming regulatory changes.

The banks are recognized for their relatively lenient approach on Wall Street regarding remote work post-pandemic.

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However, this is shifting as the Financial Industry Regulatory Authority, the primary watchdog for the US brokerage industry, prepares to reintroduce pre-pandemic workplace monitoring rules in the coming weeks.

Major banks like Bank of America Corp., JPMorgan Chase & Co., and Goldman Sachs Group Inc. have already adopted five-day office commutes for many employees. Smaller firms, however, have promoted flexible work arrangements to attract and retain talent.