post-title How Wall Street giants are rethinking the future of the office after shifting their sprawling operations to remote work

How Wall Street giants are rethinking the future of the office after shifting their sprawling operations to remote work

How Wall Street giants are rethinking the future of the office after shifting their sprawling operations to remote work
Business Management Articles

  • The coronavirus sent Wall Street banks scrambling to put in place work from home policies to protect workers and clients and make sure business can carry on with as little disruption as possible.
  • The US is grappling with the economic consequences of the pandemic, which has roiled global markets and shut down much of the country.
  • Firms are starting to realize that their contingency plans might be in place longer than they anticipated, causing them to rethink tech and office space.
  • Here’s a look at how financial institutions that dominate dealmaking, trading, and consumer banking are being shaped by the pandemic.
  • Visit BI Prime for more Wall Street stories.

The global spread of coronavirus has pushed Wall Street into a new era with little warning.

Bank executives, fund managers, and traders had to figure out how to keep employees and clients safe while also keeping their sprawling operations running with as little disruption as possible.

Now, early into the transition to working from home, some already considering how coronavirus will change the way they work in the long run.

Amid all this, financial firms are as busy as ever. The US went from an economic expansion with low unemployment rates and stock market highs to what is likely a recession with unprecedented numbers of Americans filing for unemployment and trillions of dollars of wealth evaporating. The Federal Reserve and Congress have pulled all the levers at their disposal to quell the unprecedented shock to the economy as the majority of Americans stay home to stem the spread of the virus.

Business Insider is tracking how Wall Street is handling this new reality. See below to read the latest.

Banking and private equity

Wealth management

Hedge funds

Exchanges & fintech firms

Lees ook op Business Insider

About Juan Rodulfo

Defined by Nature: Planet Earth Habitant, Human, Son of Eladio Rodulfo & Briceida Moya, Brother of Gabriela, Gustavo & Katiuska, Father of Gabriel & Sofia; Defined by the Society: Venezuelan Citizen (Human Rights Limited by default), Friend of many, Enemy of few, Neighbor, Student/Teacher/Student, Worker/Supervisor/Manager/Leader/Worker, Husband of Katty/ Ex-Husband of K/Husband of Yohana; Defined by the US Immigration System: Legal Alien; Defined by the Gig Economy: Independent Contractor Form 1099; Studies in classroom: Master Degree in Human Resources Management, English, Chinese Mandarin; Studies at the real world: Human Behavior; Studies at home: Webmaster SEO, Graphic Web Apps Design, Internet & Social Media Marketing, Video Production, You Tube Branding, Trading, Import-Exports, Affiliate Marketing, Cooking, Laundry, Home Cleaning; Work experience: Public-Private-Entrepreneur Sectors; Other Definitions: Bitcoin Evangelist, Human Rights Peace and Love Advocate. Author of: Why Maslow: How to use his theory to stay in Power Forever (EN/SP); Asylum Seekers (EN/SP); Manual for Gorillas: 9 Rules to be the “Fer-pect” Dictator (EN/SP); Why you must Play the Lottery (EN/SP); Para Español Oprima #2: Speaking Spanish in Times of Xenophobia (EN/SP). Social Media profiles: Twitter/FB/Instagram/VK/Linkedin/Sina Weibo: @rodulfox
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