Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

JPMorgan sends some traders home after worker contracts COVID-19: Bloomberg News

share with twitter share with LinkedIn share with facebook
09/15/2020 | 04:25pm EDT
A woman passes by a Chase bank in Times Square in New York

JPMorgan Chase & Co sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

News of the infection, on the fifth floor of the bank's 383 Madison Ave. building, was communicated to employees on Sept. 13, according to the report https://www.bloomberg.com/news/articles/2020-09-15/jpmorgan-sends-some-traders-home-after-worker-contracts-covid-19?utm_content=business&utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_medium=social&sref=WJKVI5nK.

A JPMorgan spokesman said the bank has been "managing individual cases across the firm over the course of the last few months and following appropriate protocols when they occur."

The bank executives had previously told managing directors and some executive directors within its sales and trading operation that they must return to the office by Sept. 21.

Earlier on Tuesday, before the media report, JPMorgan Chief Executive Officer Jamie Dimon dismissed concerns over asking staff to return to the office.

Dimon, who said he has been going to the office for three months, noted that productivity had dropped in certain jobs. He also said working from home has negative effects in society that most people don't appreciate, including drug overdoses.

"Everything we do is good," Dimon said.

Wall Street banks had sent workers home in mid-March to help stem the spread of the virus, but that proved disruptive for some heavily regulated or technology-intensive functions, such as trading and other compliance roles.

JPMorgan in April was the first big bank to announce steps to return to normal amid a growing debate over reopening the U.S. economy.

At the time, the company said it was working on a plan to bring thousands of employees who have been working from home back onsite in stages.

(Reporting by Noor Zainab Hussain and Madhvi Pokhriyal in Bengaluru and David Henry in New York; Editing by Aditya Soni and Krishna Chandra Eluri)

share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
04:54pEXCLUSIVE : ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs - sources
04:50pArcelormittal sa in talks to merge its u.s. operations with cleveland-cliffs inc -sources
03:59pTikTok Awaits Judge's Ruling on Whether U.S. Can Ban Downloads
03:06pJudge plans to decide on TikTok U.S. app store ban by end of day
02:11pValue of U.S. commercial property slashed by 27%, Financial Times reports
01:50pBMW : claims 20th overall victory at the Nürburgring 24 Hours – Nick Catsburg, Alexander Sims and Nick Yelloly triumph in the ROWE Racing BMW M6 GT3.
01:47pChile's president launches $2 billion plan to bring back jobs lost during pandemic
01:31pFrance's Macron says he will keep pushing initiative on Lebanon
01:28pMali president names diplomat Moctar Ouane as interim prime minister
01:20pU.S. CDC Reports Total Deaths Of 204,033 Due To Coronavirus As Of Yesterday
Latest news "Economy & Forex"