From Bloomberg: Workers stacked sandbags in Lower Manhattan while banks and
brokerages tested contingency plans, encouraged employees to work from home and
prepared to operate with skeleton crews. The trade group representing the bond
industry recommended an early close for trading. Governor Andrew Cuomo’s order
that subway, bus and commuter rail services be closed starting at 7 p.m. Oct.
28 left many of the city’s almost 170,000 securities industry employees
wondering how they would make it to work.
Sandy is predicted to make landfall early Oct. 30 in
southern New Jersey, then turn inland, according to the National Hurricane
Center’s three-day forecast. Winds may cause a tidal surge as high as a record
11 feet (3 meters), according to New York City Mayor Michael Bloomberg.
In Lower Manhattan, cranes laid concrete barricades at
Goldman Sachs Group Inc. (GS)’s headquarters at 200 West Street. Sandbags were
piled along garages and doors at Four World Financial Center, the offices of
Bank of America Corp., and lined the sidewalk facing the river outside the
Depository Trust & Clearing Corp. and Nymex…..
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