HSBC Links UK Retail Staff Bonuses With Return-to-Office Mandate

HSBC Holdings Plc has told its UK-based retail bank employees that they could see their bonuses cut if they failed to show up in office frequently enough.

The London-based lender informed staff at its HSBC UK unit, which operates its British retail and domestic commercial banking businesses, that those who aren’t meeting its work-in-office mandate of minimum three days a week could end up being paid less, people familiar with the matter said, asking not to be identified discussing internal information.