Citigroup to offer up to 12-week sabbaticals to staff

Scheme is part of review of bankers' work-life balance after home working shift

The Wall Street bank Citigroup will offer employees 12-week sabbaticals as part of a benefits package prompted by a review of bankers' work-life balance after the coronavirus crisis proved staff were working productively - and happily - from home.

Employees will also be allowed to volunteer with a charity for up to four weeks full-time while Citi covers 100% of their regular salary. It is understood the new work setup will be offered to the bank's US staff first, but will eventually being extended to Citi's 8,000 UK bankers as part of a global rollout.