Wall Street empties out as New York City declares state of emergency


JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley each announced similar programmes on Thursday for working remotely to stem the spread of the pandemic.

NEW YORK: Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.

JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley each announced similar programs on Thursday for working remotely to stem the spread of the pandemic.

JPMorgan and Goldman told employees the staff would be split roughly in two for a weekly rotation in which half the workers will work from home and half go to the office.

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