Finance

BMO Is Latest Bank to Call Staff Back to Office Four Days a Week

A Bank of Montreal branch in Montreal.

Photographer: Neal Rockwell/Bloomberg

Bank of Montreal will require its employees to return to its offices four days a week by mid September, following similar moves by other big lenders including Royal Bank of Canada and Bank of Nova Scotia.

The bank expects staff to spend four days in its offices by Sept. 15 “where existing real estate capacity permits,” according to a statement Thursday. The company has invested in innovative workplaces “designed to maximize team performance by promoting collaboration, problem solving, mentorship, innovation, and career development,” it said, citing BMO Place in Toronto.