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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,245,577,909
Close 2025-06-09 C$ 73.99
Market Cap C$ 92,160,309,487
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Globe says Scotiabank lays down the law: 4 days a week

2025-06-10 08:43 ET - In the News

The Globe and Mail reports in its Tuesday edition that Scotiabank is requiring some employees to work in the office four days a week, making it the second major lender to tell staff they must work in-person more often. The Globe's Stefanie Marotta writes that the bank informed staff last week that the new rules will take effect by September. For groups in Scotiabank offices with sufficient space, employees will work from the office four days a week. In cases where groups are restricted by limited real estate, staff will gradually increase their days in the office as more space becomes available. Some groups may continue working on a remote basis, depending on the requirements of the roles. Royal Bank of Canada was the first Canadian lender to tell staff to work from the office four days a week, starting in September. Canada's big banks are some of the county's largest employers, with hundreds of thousands of staff across the six largest lenders. RBC's move was a major milestone for companies aiming to increase the time employees spend in offices. In the United States, JPMorgan started bringing staff into the office for a full five days a week. RBC started increasing mandatory days in the office in the spring of 2023.

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