Amid criticism of burnout in banking, Citigroup has opened its new hub for junior investment bankers in the beachside Spanish city of Málaga.⁠ ⁠ The bank insists that the move is more than a gimmick as Wall Street lenders battle for young talent. ⁠ ⁠ Twenty-seven analysts were selected from more than 3,000 applicants for the two-year programme, which started on Wednesday. Promising eight-hour days and work-free weekends, it aims to distinguish itself from the punishing seven-day working weeks common for young staff in London and New York. ⁠ ⁠ By locating it in Málaga — a sunny, culture and food-orientated city on Spain’s southern coast that is far from the world’s biggest financial hubs — Citi is also seeking to offer a more alluring lifestyle and a different path into banking.⁠ ⁠ However, some rivals have dismissed the idea as a stunt that could ultimately hamper the careers of those who decide to spend their initial years working less than half the hours and earning about half the starting salary of their peers in Citi’s main offices.⁠ ⁠ Tap the link in our bio to read the full story. #FT #financialtimes #banking #citi #citigroup #banks #bankers #citibank #malaga #spain #finance #juniorbanker #financehub #financedistrict ⁠