, Columnist
Bank CEOs Should Resist the Urge to Hot-Desk
In Europe, lenders are jumping on the hybrid-working bandwagon. Their U.S. peers can't wait to get back in the office. It's a safer bet.
Wall Street is eager to get back to the office.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The degree to which bankers will be back in the office after the pandemic looks very different depending what side of the Atlantic you’re on.
In Europe, big lenders are signaling Covid-19 has revolutionized the world of work. The century-old banking behemoth HSBC Holdings Plc recently said its top executives are giving up their treasured private offices to hot-desk across open-plan spaces. Gone too will be one-fifth of its global office space this year as the lender embraces a hybrid home-office arrangement for staff.