Monday, October 29, 2012

Citi, Goldman Shut Some NYC Offices for Storm

Citigroup  and Goldman Sachs. are among Wall Street firms planning to shift operations to other cities and have staff work from home as Hurricane Sandy’s arrival in New York forces evacuations.

Employees at Citi, the third-biggest U.S. bank by assets, won’t be able to enter Lower Manhattan offices on Greenwich Street and Wall Street, which include the main trading floor, according to a memo sent to workers and confirmed by Shannon Bell, a spokeswoman. Goldman Sachs, whose corporate headquarters at 200 West St. is also located in an evacuation zone, told the staff in an internal memo that most of them will work from home.

“Given the potential severity of Hurricane Sandy, we have activated our business continuity plans,” Goldman Sachs Chief Administrative Officer Jeffrey Schroeder wrote in a memo to employees yesterday, the contents of which were confirmed by Michael DuVally, a spokesman.....

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