The move shows how seriously the largest bank in the United States is taking the risks posed to its operations by the fast-moving health crisis.
Employees at other divisions, including JPMorgan’s investment bank, have also been asked to work from home, the person said.
And JPMorgan is also preparing for the risk that the coronavirus outbreak disrupts its primary trading floors in New York and London.
In recent days, the company has been testing backup trading sites and soon plans to send in parts of its trading teams to test the facilities, the source said.
JPMorgan declined to comment.
The move comes amid industry-wide concerns on how — and how badly — the coronavirus might affect the financial industry.
Other major companies are responding to the outbreak by restricting travel and canceling appearances at events.
And the New York Stock Exchange said last week that it has robust contingency plans that enable it to maintain continuous operation of exchanges if facilities are impacted by the coronavirus.
Source : CNN
