Managers told letting most staff continue to work up to two days a week at home will give bank competitive advantage

The boss of Citigroup has told executives that most staff will continue to be able to work remotely two days a week, a decision that sets it apart from other Wall Street banks.

Most of Citi’s employees work on a hybrid schedule, spending at least three days a week in the office and up to two days working remotely. Most of its traders and staff in bank branches have to be at their desks five days a week.