Bank of America will release a revamped office-return policy in the next six to eight weeks, CEO Brian Moynihan told an audience Tuesday at a banking conference in New York.
“We’ll have more flexibility than we did, on paper, before,” he said, according to Reuters. But, he added, “we’ll have more formality to the flexibility.”
The policy aims to strike a balance such that it is specific to each of the bank’s units — “You can’t generalize,” Moynihan said, according to Bloomberg — but also consistent and fair across the business. The policy will vary, however, based on job responsibilities and other factors, the CEO said.