The head of Canada’s largest lender made the comments during a conference call to discuss the bank’s first-quarter earnings
. While some employers in Canada have mandated that staff work at offices more often, corporate leaders have grappled with employees“Society isn’t back together enough,” Mr. McKay said in response to an analyst question about risks in the commercial real estate market.
“We’re in a discovery area and trying to find balance with employees and you hear a lot of commentary about it,” Mr. McKay said. “I think most CEOs would tell you that there is a productivity loss.” Mr. McKay did not provide specific updates about RBC’s new initiatives to incentivize or mandate a return to office. In an, he asked employees to “come together more often in person to work and collaborate.” At the time, a spokesperson for RBC said that the bank had asked most of its employees to work from the office two or three times a week by the end of September.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBC reports Q1 profit down from year ago, provisions for credit losses up - BNN BloombergRoyal Bank of Canada reported a first-quarter profit of $3.21 billion, down from $4.10 billion a year earlier as its provisions for credit losses increased.
Read more »
RBC beats expectations despite profit drop on higher bad loan provisionsRBC reported a 22% drop in profit but beat analysts estimates. Find out more
Read more »
RBC beats expectations despite profit drop on higher bad loan provisionsRBC reported a 22% drop in profit but beat analysts estimates. Find out more
Read more »
RBC beats analysts’ forecasts despite drop in first-quarter profitRoyal Bank’s adjusted profit for the three-month period totalled $3.10 a share, exceeding the $2.94 analysts had been expecting
Read more »
RBC beats expectations despite profit drop due to higher bad loan provisionsRBC reported a 22% drop in profit but beat analysts estimates. Find out more
Read more »
The Daily Chase: RBC and National post profit beat; NFI Group navigates inflation - BNN BloombergRoyal Bank of Canada's trading division led the way to a profit beat in the first quarter.
Read more »