HSBC high street bank staff face bonus cuts over remote working

Bank’s UK division hardens hybrid working policy with requirement to spend at least 60% of time in office

HSBC has told staff in its UK high street banks that it may cut their bonuses if they do not work in the office frequently enough.

The bank told employees at its HSBC UK division, which includes its retail and domestic commercial banking businesses, that anyone who did not spend at least 60% of their time in the office could end up being paid less, according to a report by Bloomberg.