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BNY MELLON REVERSES HOME WORKING HALT

Mar 08, 2019 - City A.M.

US bank BNY Mellon has U-turned on a proposed crackdown on flexible working arrangements after an outcry from staff. The bank had launched a review of flexible working, with staff expected to work from the office in most conditions. Yesterday, in an all-staff memo sent by chief executive Charlie Scharf, BNY said it had paused any plans to change remote working arrangements, with staff reverting to the status quo as of mid-November 2018. Scharf said the bank "did not fully appreciate the level of...