HSBC pondering staff office return

HSBC is contemplating a global policy that would mandate staff to return to the office for at least three days per week.

- SAMUEL NORMAN

The bank's deliberations are being led by chief executive Georges Elhedery, who has been meeting with executives to discuss a group-wide return. As reported by the Financial Times, discussions are ongoing and no formal decision has been made yet.

At the end of last year, HSBC had over 211,000 full-time employees on its payroll, standing out among its peers who have already encouraged their staff to return to the office. In the UK, the firm employs around 34,700 people across various sectors including retail, private, commercial and investment banking.