'Protecting Friday Night'.
Credit Suisse has told its staff to leave work by 7pm on a Friday and not return until at least Saturday lunchtime, unless a big deal is in the works.
Reuters reports dubbed "Protecting Friday Night", the bank's initiative is part of a wider drive by investment banks to soften their workaholic image and stop talented staff leaving for jobs in other areas such as technology or private equity.
In an email dated May 23, Credit Suisse told its staff in the EMEA investment banking and capital markets department that they should leave the office by 7pm on a Friday and not return until at least midday on Saturday -- unless a major deal is launching or imminent, bank insiders told Reuters.
Such instructions may seem outlandish to people working in other industries, where leaving work on a Friday and having a drink with friends or a family meal is still the norm.
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