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Market Chatter: HSBC Won't Mandate US Workers to Be in Office 5 Days a Week, Executive Says
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Market Chatter: HSBC Won't Mandate US Workers to Be in Office 5 Days a Week, Executive Says
May 23, 2024 8:34 AM

11:13 AM EDT, 05/23/2024 (MT Newswires) -- HSBC Holdings' ( HSBC ) US workers won't be compelled to be in the office five days a week unless required by new Financial Industry Regulatory Authority regulations, Bloomberg reported Thursday, citing an interview with HSBC US and Americas Chief Executive Officer Michael Roberts.

"We will adjust to the Finra rules, we will make sure whoever needs to be here five days a week will be here five days a week, but I don't want to decree people coming back," Roberts said, according to the report.

Without new rules, HSBC's ( HSBC ) New York office in-person attendance has doubled to 80% after it opened its new building to workers, Roberts said, according to the report.

HSBC ( HSBC ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 44.14, Change: -0.07, Percent Change: -0.16

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