Bloomberg News reports that in addition to putting an end to buying clients shots of booze, one sent around a memo imposing a curfew on entertaining, according to GQ Employment Law. The London-based labor law specialist declined to identify the firm.
'Investment banks long ago banned employees from entertaining clients in strip clubs,' Paul Quain, a GQ Employment partner, said in Wednesday's statement. 'Now they are clamping down hard on boozy and rowdy client entertainment.'
The policies show how more general curbs on bankers’ behavior are becoming increasingly specific about what’s tolerated and what won’t be.
Other restrictions banks have imposed recently include midnight curfews for client entertainment -- though if it’s with junior staff, fun has to wrap up by 10 p.m. -- and bans on social media and dating colleagues, according to the law firm.
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