More HSBC, Citi staff called back into office 5 days a week

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

HSBC and Citigroup have been well known among the firms on Wall Street for their flexible work culture thus far, but this is about to change.

SINGAPORE: HSBC and Citigroup recently announced that more workers are being called back into the office for the full working week, marking a shift from hybrid work policies. The two companies, as well as Barclays, are having workers come back to full-time in-person work in the United States and elsewhere in the world, even as regulatory changes are being put in place by the Financial Industry Regulatory Authority concerning monitoring workplaces.

Ms Mabel Rius, who heads HSBC’s human resources department in the US and Americas, has said that the firm is endeavoring to allow as many employees as desire to continue to work from home and that options are being discussed with them. FINRA is preparing to return to regulations that had been in place before the pandemic, when it loosened regulations that made it necessary for companies to monitor staff constantly. Since then, however, the authority has taken steps allowing people to work remotely, provided they follow specific measures.“The FINRA rules are actually intended to give firms more flexibility, not less, and to allow registered folks to work from their homes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citi, HSBC order more US staff to work in offices 5 days a weekRegulatory changes make it trickier for Wall Street to allow working from home
Source: STForeignDesk - 🏆 4. / 71 Read more »

Citi names Damien Tan as head of corporate bank for SingaporepstrongTan was previously head of local corporates for Citi Singapore./strong/p pCiti has appointed Damien Tan as the head of corporate bank for Singapore./p pTan, who stepped up to the role on 1 May, is tasked with driving the business performance and strategy of Citi’s corporate banking business in the Lion City.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Best credit card promotions in Singapore (May to July 2024): Citibank, DBS, HSBC, UOB, and moreThis May, we're giving away Apple iPads (9th Gen), S$450 Lendlease E-Vouchers, up to 85,000 miles… and the list goes on. Clearly, we're spoilt for choice when it comes to credit card promotions these days.
Source: asiaonecom - 🏆 10. / 59 Read more »

HSBC's Philip Lee joins ST Engineering boardpstrongHe will be part of the finance committee./strong/p pST Engineering has tapped banking veteran Philip Lee to join its board./p p Lee will join the ST Engineering board as an independent non-executive director and executive resource and compensation committee.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Argentina men’s team, New Zealand women claim HSBC SVNS league titles in SingaporeLos Pumas Sevens had made history as they were crowned the men’s SVNS series winners for the first time in its 25th edition.
Source: The Straits Times - 🏆 8. / 63 Read more »

HSBC Chief Quinn, architect of sweeping overhaul, announces surprise exitLONDON: HSBC Chief Executive Noel Quinn said on Tuesday (Apr 30) that he plans to step down, marking the surprise departure of a hard-nosed leader who has overseen a raft of asset sales, guided the lender to record profit and lifted its share price.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »