Feb 4 (Reuters) - Citigroup ( C/PN ) CEO Jane Fraser has
informed top executives that the bank will continue to allow
most employees to work remotely at least two days a week,
Financial Times reported on Tuesday.
Fraser promised to continue the hybrid work schedule on a
quarterly call with the bank's managing directors in
mid-January, the newspaper reported, citing people familiar with
the matter.
Last month, U.S. President Donald Trump ordered federal
workers to return to the office five days a week, reversing a
trend that took off in the early stages of the COVID-19
pandemic.
Major financial companies have been aggressive in enforcing
return-to-office.
CEOs of the biggest U.S. banks including JPMorgan ( JPM ),
Goldman Sachs ( GS ) and Morgan Stanley ( MS ) have been strong
advocates of working from the office, saying it fosters better
learning, innovation and culture.
JPMorgan Chase ( JPM ) asked its employees who are on hybrid work
schedules to return to the office five days a week starting in
March, Reuters reported last month.
Fraser believes Citi's more flexible in-office work
requirements give it a competitive advantage, the Financial
Times reported.
Citigroup ( C/PN ) did not immediately respond to a Reuters request
for comment.