Are Wall Street Workers Returning?

JPMorgan Chase has called its trading staff back to the office. The company first sent its workers home in mid-March after an outbreak in its Madison Avenue office. All trading workers, except those with child-care issues and medical conditions that make them vulnerable to complications from the coronavirus, were told to return by September 21. The company has developed mandatory training on new in-office rules to help workers get ready for the transition.

Still, companies such as UBS Group are telling employees that remote work and flexibility are going to continue and workers are expected to “return at your own pace and when you feel comfortable.” Deutsche Bank sales and trading staff are also making their own arrangements to continue to work from home permanently, at least for part of the work week.

Companies that are keeping the practice in place note that the tech firms with which they compete for staff are all-in on remote work and many, particularly younger workers, find that attractive.

For more information and discussion of opportunities, see The Freedonia Group’s extensive collection of off-the-shelf research, including Freedonia Focus Report Commercial Banking: United States. Freedonia Custom Research is also available for questions requiring tailored market intelligence.