Wall Street banks in no rush to call employees back to work!
News by Editorial Team 20 Jul 2020
Wall Street banks – the leading US banks like Morgan Stanley, Goldman Sachs, Citigroup, JPMorgan, and Bank of America – are in no rush to call their employees back to work. That’s what the message being shared by these major money center banks with large trading operations. The banks have reported earnings this week. JPMorgan said about 80% of its employees were still working from home. Similarly banks like Bank of America, Morgan Stanley, and Bank of New York revealed that about 85%, 90%, and 85% respectively of their staff was working from home. Health concerns were the major reasons for work from home.