American banking giant JPMorgan Chase has extended its work from home policy to cope with the spread of the deadly coronavirus (Covid-19) pandemic.
Last week, the bank asked its staff in New York-area to work at home.
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JPMorgan currently operates in 60 countries and had 256,981 employees as of 2019.
As part of the policy extension, the bank has urged all its employees globally to work from home if possible.
“Effective immediately, we are asking all managers globally to allow employees to work from home to the extent feasible,” Reuters quoted the memo sent out by JPMorgan to all employees.
“This will further facilitate social distancing in the communities we call home while continuing to serve our clients and customers,” the memo read.
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By GlobalDataHowever, JPMorgan’s traders, call centre workers, and branch personnel will still be working from office locations.
The bank added: “We know many of you need to continue to work on-site because of your customer-facing roles or other jobs that cannot be done from home — particularly in our branches and call centres.”
“We are actively reviewing how we can best support you at this time, and will share more information with you very soon.”
Banks around the world are working to keep their business running amid the coronavirus spread.
Coronavirus cases have continued to swell in the US in recent days.
The pandemic has so far claimed 7,100 lives and infected approximately 182,000 people.
Earlier this month, major American banks imposed restrictions on international travel immune their operations.
Recently, the European Central Bank (ECB) also asked the majority of its 3,500 staff in Frankfurt to work from home to measure its coronavirus (COVID-19) preparations.
Last week, HSBC Bank sent more than 100 employees home after a worker from the research department tested positive for the novel coronavirus (COVID-19).
BBVA transferred almost 100 people from its trading floor in Madrid to a location outside the city.
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