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  4. Bank of America will release more guidance on work from home in coming weeks -CEO
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Bank of America will release more guidance on work from home in coming weeks -CEO

By Lananh Nguyen (Reuters) - Bank of America Corp (NYSE:BAC) will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief...
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By Lananh Nguyen

(Reuters) - Bank of America Corp (NYSE:BAC) will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief Executive Brian Moynihan said during a New York industry conference on Tuesday.

His comments come as financial companies globally are offering more incentives, including free meals, as they battle to get staff back to the office, Reuters reported last week.

Hybrid working policies were introduced across the industry during the COVID-19 pandemic, but data seen by Reuters and interviews with finance sector executives showed attendances falling short of expectations globally.

"We have 210,000 people and there’s literally 210,000 different views of what people want,” Moynihan said. "We’ll have more flexibility than we did, on paper, before."

"We'll have more formality to the flexibility," to make standards more consistent and fair across business units, he said, adding that the bank's buildings are full and active.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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USD/JPY

157.91

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AUD/USD

0.6469

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
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 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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