Wall Street Bankers Combat Overwork with New Guidelines from JPMorgan and Bank of America

Thursday, 12 September 2024, 11:06

Wall Street is addressing the overwork crisis as JPMorgan and Bank of America implement new measures for bankers. With recent complaints about excessive hours, these changes aim to restore balance in the workplace. Goldman Sachs and Morgan Stanley are also under scrutiny for their culture of overwork.
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Wall Street Bankers Combat Overwork with New Guidelines from JPMorgan and Bank of America

New Measures to Combat Overwork

In response to a growing overwork crisis, JPMorgan has introduced an 80-hour weekly cap, aimed at alleviating the pressures faced by young bankers. Bank of America is also revamping its timekeeping policies to better protect employee well-being.

Culture Shift in Investment Banking

Recent investigations have highlighted the work-obsessed culture prevalent in Wall Street firms, prompting a reassessment of practices at major players like Goldman Sachs and Morgan Stanley.

  • Focus on employee health and productivity
  • Increased scrutiny from regulators
  • Long-term implications for investment banking ethics

As these institutions adjust their approaches, the industry's landscape may shift dramatically, aiming for a healthier work-life balance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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