From the Editor's Desk

Greed and Fear Collide: Wall Street Calls Traders Back to Office

On April 2, the day that Coronavirus infections around the globe hit 1 million, managers inside JPMorgan Chase & Co. were emailing their latest plans for staffing New York-area trading floors amid the deadly pandemic.

One worker on the sales team noticed a colleague wasn't on the list and asked where he'd be.

"Corona Town, U.S.A.," the person wrote back. Then one of the bank's credit-trading leaders, Nicholas Adragna, weighed in: "The trading desk will be in the office unless they have a medical condition with a dr's note."

More than 100 employees were on the message chain seen by Bloomberg, and some were horrified. It came soon after an outbreak of Covid-19 inside JPMorgan's Madison Avenue headquarters, in which at least 16 people tested positive on a single trading floor.

Continued here

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