
Scotiabank Calls Its Head-Office Staff Back in Four Days a Week
Bank of Nova Scotia plans to call head-office employees back to the office four or more days per week starting in September, citing a push for more collaboration as it follows recent moves by other big lenders including Royal Bank of Canada and JPMorgan Chase & Co.
Toronto-based Scotiabank said it will require teams with 'real estate capacity' to increase their days spent working in the office to '4+ days per week,' according to an internal memo sent to Canadian banking employees in the Greater Toronto Area last week. The memo, reviewed by Bloomberg News, wasn't sent to branch workers, who are already working onsite full time.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Insider
an hour ago
- Business Insider
Jamie Dimon says you need to fire 'a--holes' in your company and create an environment where employees feel free to speak up
Jamie Dimon has a tip for improving workplace culture quickly: "Fire the assholes." Speaking on Wednesday at the Databricks Data & AI Summit, Dimon took a question about "general leadership advice" for ensuring the next generation of workers is prepared to take the helm in an age of AI, constant distractions from their phones, and working from home. The JPMorgan Chase & Co. CEO responded that it starts with a "constant and honest assessment of everything" from your customer base to your regulatory environment. Still, he stressed that while that assessment requires discipline, it's key to maintain "heart and humanity" as well. "You have to go out of your way to get the best of people, and it's amazing, if you do, what that does — for a country, a university, a company — if you create that environment," Dimon said. "You should fire the assholes," he added. "It only takes a few of 'em to destroy a meeting." The crowd erupted in cheers at Dimon's suggestion. "I hate to say this, but sometimes those assholes include customers," Dimon added. "I have fired customers because they are so rude to our people. And I tell our people that, if I allow that to happen, just think of what you'd think. Just take your energy and put it to someone who actually wants your benefits." This approach to creating an inclusive work environment is crucial to ensuring employees feel treated with trust and respect, so, in turn, "they can contribute to the company to the best of their ability," Dimon said. He said it starts with a top-down environment focused on discipline and effort, whether you're a pro athlete or the leader of the largest bank in the country. "If you want to be a winner in this world, you've got to give it your all," Dimon said. "And if you can't, there's nothing wrong with you, but you shouldn't be the boss anymore." The banking titan also reiterated his position on remote work, which he has previously criticized as antithetical to creating a vibrant office culture, especially for younger professionals. Dimon said it's hard to manage people remotely and much easier to have "real honest conversations if I'm sitting in front of you." "When you're with me, you get a hundred percent of my attention, a hundred percent of the time," he said.


Bloomberg
2 hours ago
- Bloomberg
Ivanhoe Restarts Part of Congo Copper Mine Impacted by Flooding
Ivanhoe Mines Ltd. has restarted underground operations in part of its giant copper mine in the Democratic Republic of Congo while another section remains offline after seismic activity caused flooding deep below ground. In an update late Wednesday, the Canadian company said equipment and mining crews returned on June 7 to the western side of the Kakula mine, with underground operations there resuming in a 'conservative manner.'


Bloomberg
2 hours ago
- Bloomberg
Trans Mountain Eyes Pipeline Capacity Increase by Early 2027
The Trans Mountain pipeline could handle an additional 75,000 barrels of crude a day by a early 2027, the government-owned company's top executive said, potentially helping Canadian oil producers expand shipments to non-US markets. Chemicals that make crude flow more easily through the line could be used in less than two years as a first stage of the capacity increase, Trans Mountain CEO Mark Maki told reporters at a conference in Calgary. After that, increased pumping power could boost flows to about 1.14 million barrels a day, but that would require dredging the nearby waterway to allow tankers to carry more oil.