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Citi sticks to hybrid working, bucks return-to-office trend, FT reports
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Citi sticks to hybrid working, bucks return-to-office trend, FT reports
Feb 3, 2025 10:07 PM

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.

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