Citigroup Says Flexible Work Gives It Edge Over U.S. Rivals (1)

Citigroup Inc. joined rivals including UBS Group AG in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff.

The lender’s employees will have the option of working from home at least part time, investment banking co-head Manolo Falco said at a virtual press briefing on Wednesday. That will set the bank apart from some U.S. rivals that are taking a more hard-line approach to remote work, he said, naming JPMorgan Chase & Co. and Goldman Sachs Group Inc.

LISTEN: Sonali Basak, Bloomberg’s Wall Street Reporter, discusses how Citigroup is saying flexible work is giving it an edge over its U.S rivals. She speaks with Bryan Curtis and Rishaad Salamat on Bloomberg Radio

Global investment banks are broadly falling into two camps on ...