Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back.
) were among those on Thursday reassuring staff privately or through public statements that job cuts are not on the table.
There could be a sudden surge in activity once cities re-open, people get back to work and markets normalize in a few months – leaving banks unprepared if they fire staff that seem unnecessary now. Or the coronavirus could cause a slow, grinding global recession that lasts much longer. The eight biggest U.S. banks decided to stop share repurchases and may cut dividends to show they are not using money unwisely. Wall Street is also expected to slash bonuses this year.
Citigroup CEO Mike Corbat ordered a suspension of any planned staff cuts, a person familiar with the matter told Reuters. JPMorgan Chase & Co declined to comment, and Bank of America Corp did not respond to a request for comment.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
25 Celebrity Couples with Big Age DifferencesLove in Tinseltown doesn't see numbers, just all the feel-good, bubbly things that come with being in a relationship with someone as wonderful as you.
続きを読む »
Seth Meyers Salutes Andrew Cuomo’s Big D EnergySeth Meyers returned to Late Night from his home and saluted Governor Cuomo's “serious big dad energy”
続きを読む »
Detroit's 'Big Three' suspended production last week, but some workers say that wasn't early enoughWhile Detroit's 'Big Three' have all suspended North American production until at least Monday, some workers have expressed frustration that the automakers took so long to close their plants. 'Most of us on the line were terrified,' one worker said.
続きを読む »
As Dow Jones Scores Single-Day Record, Live Nation & MSG Stocks Post Big GainsConcert promoter Live Nation leapt 15% to $42.94, its highest closing price since March 13.
続きを読む »
Big and Small Ways You Can Help Your Community During the Coronavirus OutbreakYou can do many of these things—such as donating to organizations that help low-income folks—at the click of a mouse, without even having to leave your house.
続きを読む »