Credit Suisse Tells Junior Bankers to Take Saturdays Off
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Credit Suisse Group AG, Switzerland’s second-largest lender, told junior investment bankers to take much of their weekends off as Wall Street firms seek to improve working conditions.
Analysts and associates in the U.S. investment banking division should be out of the office from 6 p.m. Friday until 10 a.m. Sunday unless they’re working on an active deal, according to an internal memo from Jim Amine, the firm’s global head of investment banking. Jack Grone, a spokesman for the Zurich-based company, confirmed the contents of the memo.