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Bank Bucks U.S. Peers, Saying No One Should Return 5 Days a Week

  • Card giant Synchrony is embracing remote work, cutting space
  • Even if they have a desk, staff asked to work from home some
Bloomberg business news
Young Workers Returning to Office

Even as many of the biggest U.S. banks rush to restock their towers with workers, at least one lender is giving up its pre-pandemic norms.

Synchrony Financial -- the bank behind credit cards offered by Inc. and PayPal Holdings Inc. -- began to test its reopening plans in recent weeks by bringing back about 200 employees to its Stamford, Connecticut, headquarters and three other U.S. locations. The move comes as larger competitors such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. are ramping up their own returns, ordering much of their staff back this summer.