P.S. Citi Is Serious Protecting Its Junior Bankers' Weekends


After sending out a memo yesterday informing junior employees that vacations are now mandatory and one weekend a month must be spent outside the office, management reiterated:

...that "compliance" with no Saturday work / remote access "will be validated against physical and computer usage logs." Finally, all "pre-approved" Saturday exceptions must be sent by lead MD to group head, and will be aggregated / reported to CIB mgmt on a regular basis.

Earlier: Citigroup Jumps On The “Protected Weekend” Bandwagon


Memo To UBS Junior Bankers: IBD Chief Andrea Orcel Wants To See Asses In Seats

None of this "protected weekend" BS for his junior bankers.

Bonus Watch '16: Morgan Stanley Has Some "Furious" Junior Bankers On Its Hands

While associates on up are said to be going into the weekend feeling good about life.