Citi Sees Most Staff Back at U.S., U.K. Offices by September

City, led by Jane Fraser, is adopting a flexible work approach, differing from other Wall Street firms. While peers like Morgan Stanley and Goldman Sachs view remote work as temporary, City plans a part-time office return by September. Concerns exist about career impacts, especially for women, but City aims to address these with flexible policies. In the UK and Europe, banks are also embracing hybrid work, aligning with City’s strategy to attract and retain talent.

What is the main difference between City's approach to flexible working and that of other Wall Street firms?

• City mandates full-time office work.

• City encourages part-time office return with flexibility.

• City requires all employees to work from home.

• City has not made any announcements about flexible work.

What concern is raised about flexible working arrangements and career progression?

• Flexible working guarantees promotions.

• Flexible working leads to higher salaries.

• Flexible working has no impact on career progression.

• Flexible working might disadvantage women in promotions.

What percentage of City's US staff is expected to return to the office?

• 30%

• 90%

• 50%

• 70%

How are UK financial services firms approaching flexible work?

• They have not decided on a work model yet.

• They are requiring all employees to work from home.

• They are adopting hybrid work models.

• They are mandating full-time office work.

What is the expected benefit of flexible work models for UK and European banks?

• Attracting and retaining staff.

• Decreased productivity.

• Higher employee turnover.

• Increased office space usage.