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

Reuters
Updated ·1-min read
JP Morgan Chase & Co sign outside headquarters in New York

(Reuters) - JPMorgan Chase & Co <JPM.N> 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> and Citigroup <C.N>, 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)