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Yesterday, according to Bloomberg, JPMorgan asked thousands of US-based employees to work from home in test of "virus contingency plan" for closing domestic offices should the coronavirus spread. As part of the test, managers requested that about 10% of staff across its consumer bank work remotely as part of the plan’s resiliency testing... that means that over 12,000 workers will be working from home for the foreseeable future.
Today, JPMorgan escalated their resiliency plan by sending some of its New York and London sales and trading staff to backup locations in response to the coronavirus.
“We are starting to shift people as a precautionary measure at this stage,” the bank said Thursday in a memo to staff.
“Dividing our workforce into different locations improves our ability to serve clients continuously while reducing the health risks associated with physical contact should a case arise.” [Reuters]
Last edited by Al_Dente on Thu Mar 05, 2020 2:01 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:Chart for the road: Bulls about to fail, looks like a bull flag is about to fail. they need to head back sooner the better.Trade well, Peace!
MrMiyagi
@MrMiyagann
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59m
$NYMO lower today, down to -67 and touched about -77 at the lowest point. #NYSE close to 90% down day yet again, $VIX up 17.5% to the session's high 37.60. $SPY $QQQ rose into #European market close, gave back most of that, no bottom retest yet