Bank chiefs are revealing another closely-watched metric this earnings season: Work-from-home levels.
With many of the largest European lenders reporting second-quarter results this month, how their workforces adapted to life in a pandemic became a regular topic of conference calls.
“Around 50,000 of 65,000 are working from kitchens, studies and living rooms across the U.K.,” Antonio Horta-Osorio, chief executive officer of Lloyds Banking Group Plc, said Thursday.
It’s a similar picture elsewhere. Credit Suisse Group AG CEO Thomas Gottstein noted that about 80% of his staff worldwide are away from the office. Standard Chartered Plc’s Bill Winters said his U.S. and U.K. offices were at less than 10% capacity. About three-quarters of Barclays Plc staff currently work from home while UBS Group AG had 80% of its worldwide staff at home during the height of the pandemic.
About 335,000 staff at six of Europe’s