HomeNews & EventsIndustry NewsJPMorgan to bring back more traders to office next week: source

JPMorgan to bring back more traders to office next week: source

JPMorgan to bring back more traders to office next week: source

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar

(Reuters) - JPMorgan Chase & Co (JPM.N[1]) plans to start returning more traders and sales staff to its Manhattan headquarters starting next week with volunteers, a source familiar with the matter said on Monday.Roughly 20% of the bank’s sales and trading staff have worked at its New York office throughout the coronavirus pandemic. Starting on June 22, the bank will gradually increase its in-office staff to as much as 50% by mid-July, the source said.

Other JPMorgan departments are still finalizing strategies for bringing employees back, Bloomberg reported earlier on Monday.

Several Wall Street banks, including Goldman Sachs Group Inc (GS.N[2]) and Citigroup (C.N[3]), will start returning more staff to their New York offices in the coming weeks.

Reporting by Elizabeth Dilts Marshall in New York and Bharath Manjesh in Bengaluru; Editing by Maju Samuel and Richard Chang

References

  1. ^ JPM.N (www.reuters.com)
  2. ^ GS.N (www.reuters.com)
  3. ^ C.N (www.reuters.com)

Authors: Admin

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