Barclays Reworks Policies to Help Its Junior Investment Bankers
- Young staffers to avoid working 9 p.m. Friday to 9 a.m. Sunday
- Goal is a ‘better, more reliable work flow,’ executive says
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Barclays Plc reworked some of its policies designed to protect the mental health of junior investment bankers as Wall Street continues to face a flood of deals that keeps its youngest staffers working late nights and weekends.
The firm said analysts and associates shouldn’t be working from 9 p.m. Friday to 9 a.m. Sunday except when unavoidable because they’re staffing live deals, according to a memo to employees Thursday. Barclays also said its youngest employees are expected to take two five-day vacations a year, during which they should completely disconnect from work.