Latest news with #Citibank
Yahoo
2 hours ago
- Business
- Yahoo
Another bank joins the lineup, telling employees it's time to get back to the office
Bank of Montreal is mandating that employees return to the office for four days a week starting Sept 15. This move mirrors other banks in Canada and the US that have ramped up RTO requirements. Citibank is going against the trend and recently doubled down on flexible work. Banks are demanding that employees get back to the office, and Bank of Montreal is the latest to join the list. The investment banking company told employees in a statement Thursday that they'll be expected to work on-site four days a week starting on September 15, "where existing real estate capacity permits," according to a statement to Business Insider. "Our workplaces have a powerful role to help us serve our clients and communities, while shaping our culture and organizational productivity," BMO spokesperson John Fenton told BI. The company, which currently has over 53,000 employees as of the end of January, added that it has invested in workplaces "designed to maximize team performance by promoting collaboration, problem solving, mentorship, innovation, and career development," such as the BMO Place in Toronto. Banks across Canada and the US have implemented RTO measures. Scotiabank recently announced a four-day in-office requirement beginning in September, citing the need for more collaboration, and the Royal Bank of Canada is also preparing to bring staff back in person at the same frequency. In the US, JPMorgan is implementing a hardline full five-day RTO mandate, which has received backlash from workers who are now looking to form a union and considering offers from competitors, BI's Reed Alexander previously reported.. Bank of New York Mellon said that starting September 2, employees are required to be in the office at least four days a week, transitioning away from the previous three-day-per-week hybrid model. Meanwhile, both Wells Fargo and Bank of America have required that client-facing staff be on-site at least four or five days a week, with other employees required to show up in the office at least three days a week. Morgan Stanley and US Bank have also implemented similar three-day in-office requirements. However, some banks are also taking the opposite approach to attract and retain talent. Citibank CEO Jane Fraser, 57, framed hybrid work as a competitive advantage and even shared how flexible work has enabled her to remain in the workforce as a mother juggling multiple positions. Earlier this month, Citibank also said in a memo that it's giving all hybrid employees who are required to be in the office three days a week two weeks of fully remote work in August, taking into account the need to spend time with families during summer. Read the original article on Business Insider Sign in to access your portfolio
AU Financial Review
a day ago
- Business
- AU Financial Review
Super Retail claims whistleblower lawyer warned of media damage
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal Connect with Max on Twitter. Email Max at
Business Insider
a day ago
- Business
- Business Insider
Another bank joins the lineup, telling employees it's time to get back to the office
Banks are demanding that employees get back to the office, and Bank of Montreal is the latest to join the list. The investment banking company told employees in a statement Thursday that they'll be expected to work on-site four days a week starting on September 15, "where existing real estate capacity permits," according to a statement to Business Insider. "Our workplaces have a powerful role to help us serve our clients and communities, while shaping our culture and organizational productivity," BMO spokesperson John Fenton told BI. The company, which currently has over 53,000 employees as of the end of January, added that it has invested in workplaces "designed to maximize team performance by promoting collaboration, problem solving, mentorship, innovation, and career development," such as the BMO Place in Toronto. Banks across Canada and the US have implemented RTO measures. Scotiabank recently announced a four-day in-office requirement beginning in September, citing the need for more collaboration, and the Royal Bank of Canada is also preparing to bring staff back in person at the same frequency. In the US, JPMorgan is implementing a hardline full five-day RTO mandate, which has received backlash from workers who are now looking to form a union and considering offers from competitors, BI's Reed Alexander previously reported.. Bank of New York Mellon said that starting September 2, employees are required to be in the office at least four days a week, transitioning away from the previous three-day-per-week hybrid model. Meanwhile, both Wells Fargo and Bank of America have required that client-facing staff be on-site at least four or five days a week, with other employees required to show up in the office at least three days a week. Morgan Stanley and US Bank have also implemented similar three-day in-office requirements. However, some banks are also taking the opposite approach to attract and retain talent. Citibank CEO Jane Fraser, 57, framed hybrid work as a competitive advantage and even shared how flexible work has enabled her to remain in the workforce as a mother juggling multiple positions. Earlier this month, Citibank also said in a memo that it's giving all hybrid employees who are required to be in the office three days a week two weeks of fully remote work in August, taking into account the need to spend time with families during summer.
Zawya
2 days ago
- Business
- Zawya
Congo: Ignace Meti to head Equity BCDC board
EquityBCDC, a subsidiary of Equity Group Holdings Plc (EGH) and the second- largest bank in DRC, with a balance sheet of $2.5bn, has announced the appointment of Ignace Mabanza Meti as the Chairman of its Board of Directors. Meti has over 37 years' experience in the banking sector and has held senior management positions in several renowned financial institutions, both in the DRC and in West African countries such as Niger, Senegal and Nigeria. He has also led several prominent non-banking ventures. A former CEO of Citibank and Access Bank in the DRC, he joins EquityBCDC from his role as MD of the freight company, Congo Fret Express. Meti's achievements include helping to lead Citibank DRC in a challenging socio-economic context, during his 15 years with the company from 1992 to 2007, and he was instrumental in both establishing and growing Access Bank Plc's division in Kinshasa, from 2008 to 2019, through a focus on digitalisation and improving customer service. His education includes an MBA from the Louvain Business School and degrees in political and administrative science and applied economics from the Université Catholique de Louvain in Belgium. Dr James Mwangi, Group MD and CEO of Equity © Copyright IC Publications 2022 Provided by SyndiGate Media Inc. (
AU Financial Review
2 days ago
- Business
- AU Financial Review
Auditor-General flags scrutiny of Federal Court's legal expenses
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal
