Sunday, August 28, 2011

JPMorgan, Citi: New York City Headquarters ‘Fully Operational’

JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said its New York headquarters escaped serious damage and that the company is using a hotline to help communicate with employees.

“All branch managers are calling employees one-by-one to see if they’re okay,” Kristin Lemkau, a spokeswoman for the New York-based lender, said today in an e-mail. “As soon as mass transit is up and running and we know they can get to work safely, we’ll update the message that it’s business-as-usual tomorrow.”
Citigroup Inc., the third-biggest U.S. bank, said offices in downtown Manhattan escaped serious damage from Hurricane Irene and that the lender is reviewing transportation options for employees.

Buildings at 388-390 Greenwich St. “are fully functional,” Danielle Romero-Apsilos, a spokeswoman for New York-based Citigroup, said today in an e-mail. “Pending the lift of the evacuation and pending updates on mass transit, we are investigating transportation options for employees.”

The company is reviewing damage to retail branches and may have an update later today, Sean Kevelighan, a spokesman for Citigroup’s consumer bank, said in a separate e-mail.

Read more at http://www.businessweek.com/news/2011-08-28/jpmorgan-says-new-york-city-headquarters-fully-operational-.html

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