Working from home is losing its effectiveness, bank executives say

FILE PHOTO: Mary Callahan Erdoes, Chief Executive Officer of J.P. Morgan Asset & Wealth Management, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 24, 2019. REUTERS/Arnd Wiegmann/File Photo

(Reuters) - Working from home has been surprisingly successful for global banks during the first year of the coronavirus pandemic but is losing its effectiveness, two prominent industry executives said on Tuesday at a virtual meeting of the World Economic Forum.

"It's remarkable it's working as well as it is, but I don't think it's sustainable," said Barclays Chief Executive Jes Staley.