11:50 AM EDT, 07/29/2025 (MT Newswires) -- (Updates with response from HSBC ( HSBC ) in the third paragraph.)

HSBC ( HSBC ) has asked managing directors to return to the office at least four days a week beginning in October, Bloomberg reported Tuesday, citing a memo.

In office work, which refers mainly to work in the lender's offices or with customers, includes meeting other stakeholders and attending conferences, the report said, citing the memo.

An HSBC ( HSBC ) spokesperson told MT Newswires that the bank is asking all managing directors to work in the office at least four days a week starting Oct. 1, "as in-person interactions are essential to how we lead and deliver for our customers."

Shares were up 1.2% in recent early trading.

(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.)

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