Global Business and Financial News, Stock Quotes, and Market Data and Analysis. For JPMorgan, the answer is to allow workers to cycle between days at the office and at home. © 2020 CNBC LLC. Read more: JPMorgan will have staff cycle between office and remote work in a move that may remake Wall Street. Co-President Daniel Pinto said last month that he expects trading revenue to surge 50% from a year earlier. JPMorgan asked staff in its trading and sales team to return to the... Sunak warns of biggest economic downturn in 300 years in Spending Review, Credit Suisse launches WhatsApp rival for staff as banks grapple with text tracking, Hedge fund boss who made 40% return shorting Moderna says markets’ ‘euphoria’ will burst, City bankers muse on BBC finance drama ‘Industry’: ‘Is this what I’m missing?’, Gold has further to rally although a vaccine is near – here’s when, according to UBS, Goldman Sachs. David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Wall Street's traders and bankers have mostly been working from home since March because of the coronavirus pandemic. The method will be used for teams where more workers want to return, making it harder to keep people socially distanced at the office without shifts, the person said. "Over the coming days and weeks, colleagues in those offices will hear from their divisional, business and/or local leadership about what to expect for the months ahead, including team rotations in the office where possible, with the goal of giving everyone who can do so an opportunity to come in to their office," Solomon said. "Importantly, this rotational approach will not look the same for everyone, as we each navigate unique personal responsibilities – for example, planning around adjusted school schedules, managing personal and family health conditions, and not being comfortable commuting to the office during peak hours, among many other considerations," Solomon said. Read more: Tracking the reopening of New York City. Employees will be required to wear masks when walking through communal areas or in places where it’s harder to maintain distancing, such as elevators. At Goldman, each business will have its own approach, and some may not need to use worker rotations, according to a person with knowledge of the bank's deliberations. Other parts of the firm are still formalizing their strategies for bringing employees back. Friday September 11, 2020 12:40 pm. With cases seemingly under control in New York and London, banks are now wrestling with how to get more of their staff safely back to the office. JPMorgan will have staff cycle between office and remote work in a move that may remake Wall Street. In a memo sent Wednesday from Goldman CEO David Solomon and his top deputies, the bank alerted its workforce that it was preparing for more employees to return to its offices around the world. JPMorgan Chase & Co. plans to start returning more traders to its Manhattan trading floors next week as the biggest U.S. bank begins formally reopening offices with New York exiting total lockdown. Sign up for free newsletters and get more CNBC delivered to your inbox. Goldman Sachs Group Inc. is bringing back an initial group of employees to its major U.S. locations on June 22 as well, and Citigroup Inc. will have 5% of its staff in offices in early July. Goldman Sachs told employees that it would allow them to return to the office in shifts, a rotational approach similar to what JPMorgan Chase announced last month for its investment bank. JPMorgan’s respective head of trading and sales had delivered last week’s back-to-work order in a morning conference call but vowed to offer wiggle … That would translate into revenue of roughly $8.1 billion in the second quarter and puts the bank’s traders on a path to shatter the record set in the first three months of 2020, when they generated $7.23 billion, according to data compiled by Bloomberg. David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Donald Trump has tweeted his praise of investment bank JPMorgan for asking its staff to return to the office. The US president tweeted: “Congratulations to JPMorgan Chase for ordering everyone BACK TO OFFICE on September 21st. JPMorgan Chase & Co. is requiring its most senior sales and trading employees to return to their offices by Sept. 21, the strongest move yet by a U.S. bank to restaff its workplaces.