Citi is bucking the RTO trend and sticking to 3 days a week in the office, even as it spends $1.2 billion on a new London office
As rival banks like JPMorgan and Goldman Sachs mandate five days in the office, Citi sees its hybrid schedule as a key benefit.
Citi sticks to hybrid working, bucks return-to-office trend, FT reports
Citigroup CEO Jane Fraser has informed top executives the bank will stick to its hybrid work schedule, the Financial Times reported on Tuesday citing people familiar with the matter. The bank is deviating from the norm on Wall Street,
Citi bucks back-to-office trend and embraces hybrid working
Even so, while it has maintained a hybrid policy, Citi has tightened its workplace policies and stepped up enforcement of attendance minimums. In August 2023, Citi began tracking security pass swipes in order to ensure that workers were in-person at least three days a week.
Citigroup bucks ‘return to office’ trend by committing to hybrid working
Citigroup is holding firm on its hybrid working policy, offering two remote days each week for most employees, even as other banks and businesses push for a full office return.
Citi sticks to remote work policy, defying office return trend - report
In a notable divergence from the banking industry's return-to-office trend, Citigroup (NYSE:C) CEO Jane Fraser said the lender will maintain its hybrid work model, according to a recent media report.
Citi’s Jane Fraser is bucking the RTO trend in the hope of poaching top talent from the likes of JPMorgan
CEO Jane Fraser is maintaining a hybrid work policy and positioning the bank's flexibility as a competitive recruitment ...
Citi is shaking up its technology leadership and reorganizing its 'crown jewel' services unit
Leaders in Citi's technology unit and its "crown jewel" services unit announced a raft of changes as key leaders step down.
Employee Benefits8h
Citigroup commits to hybrid-working arrangement
Investment bank and financial services firm Citigroup is committing to a hybrid working arrangement for its staff.
Citi Cuts More Jobs in Push to Meet CEO Fraser’s Expense Goals
Citigroup Inc. eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on Chief Executive Officer Jane Fraser’s commitment to expense reductions.
Citi continues to allow staff to work remotely at least twice a week, FT says
Citi (C)group CEO Jane Fraser told executives the bank will continue to allow most employees to work remotely at least two days a week, Stephen ...
The Financial Times29d
Wall Street doubts Citi chief Jane Fraser can hit crucial target
heaping pressure on chief executive Jane Fraser to prove her sweeping overhaul will succeed in turning around one of America’s biggest banks. Analysts expect Citi to reach return on tangible ...
American Banker21d
Citi's Fraser defends expenses, long-term investments
UPDATE: This article includes comments made during Citi's earnings call. Citigroup CEO Jane Fraser made her feelings about expenses crystal clear on Wednesday: The megabank, which has been ...
Citi pushes for simplified banking, digital innovation
Among those innovations is Citi Payments Express, the bank’s “simplified banking platform.” The bank converted 4 million retail bank customers to the platform in 18 countries. The bank spent $11.8 ...