HSBC Won't Force Workers Back to Office Five Days a Week

We have one debate going on in York about getting everybody back on into offices, back into trading floors. FINRA, FINRA are are fighting back saying that we're offering flexible working. You're probably one of the most flexible banks in the world. How do you see that for Wall Street? How important is it for Wall Street getting back in five days a week? What do you say to that? Yeah, So FINRA has, as you mentioned, changed the rules and we're adjusting a court line. So and we're going to follow the rules like everyone else. We are a hybrid bank. What we did not want to do is to force people to come back simply at a decree. So what we did is we built a building, this building Hudson Yards in the, you know, financial capital of the world, which really reflects a lot of input from our employees of why they want to come to the office because we did this during COVID and we didn't know if anybody ever wanted to come to the office again. And so we built something that is very, I think conducive to people coming back. They want to come back. And so today our overall attendance levels are 80%. Before we moved less than 40, we're running out of space very quickly and luckily we just took some additional space in this building. So I think it we will just to defend the rules, we'll make sure that whoever needs to be here five days a week will be here five day a week. But I don't want to decree people coming back. I want them to come back because they want to come back and they do so and they're productive, they feel good about it and that's essentially the environment we have built today.

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