Wall Street banks and brokers are in 'robust' talks with regulators to...
) have triggered contingency plans, sending staff home, splitting up trading teams and activating backup offices in a bid to contain the spread of the virus in one of the world’s largest financial hubs. [L1N2B107O]
Citigroup is keeping fewer than 60% of its Buffalo-based staff at its main site, with the rest either working from home or at a back-up site near Rochester, New York, Reuters reported on Sunday. There are some concerns that liquidity could be disrupted if traders are restricted in their activities when operating under remote work arrangements.
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