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Barclays has mandated that its 85,000 employees return to the office at least three days a week, with some departments requiring more in-person attendance. This move aligns with a broader trend among companies tightening remote work policies post-pandemic, as seen with Lloyds, WPP, and JP Morgan Chase. The Employment Rights Bill currently in parliament aims to enhance employees' rights to request flexible working arrangements.
Barclays has intensified its hybrid working policy, now requiring employees to be in the office three days a week instead of two, reflecting a broader trend among banks towards stricter in-office attendance. While client-facing roles have always mandated full attendance, the new policy varies by department, raising questions about a potential full return to office mandate. The shift aligns with similar moves by other banks aiming to enhance collaboration and productivity, though the impact on employee morale remains uncertain.
Starling Bank has been fined £29 million ($38.5 million) by the U.K.'s Financial Conduct Authority for repeatedly onboarding high-risk customers despite being ordered to halt such practices in 2021. The bank opened 54,000 accounts for 49,000 high-risk customers from 2021 to 2023, failing to comply with financial crime prevention regulations. The FCA's investigation took 14 months, significantly quicker than its average of 42 months over the past two years.
Starling Bank Ltd.
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barclays mandates office return for staff at least three days weekly
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14:20 31.01.2025
barclays tightens hybrid policy signaling potential shift to full office return
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14:12 31.01.2025
starling bank fined 38.5 million for onboarding high-risk customers
02:00 02.10.2024
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