JPMorgan Chase is telling all its staff globally to make money working from home if potential.

The New York-based financial institution, which has 256,981 staff and operates in 60 international locations, is increasing on a coverage it started final week for New York-metro space staff because it copes with the unfold of the coronavirus pandemic. 

"Efficient instantly, we're asking all managers globally to permit staff to make money working from home to the extent possible," the financial institution's working committee mentioned Sunday in a workers e mail. "This may additional facilitate social distancing within the communities we name residence whereas persevering with to serve our shoppers and clients."

The transfer, the newest escalation of ways taken by giant monetary companies, leaves JPMorgan's merchants, name middle staff and department personnel as among the many solely staff nonetheless understanding of financial institution amenities. JPMorgan is the largest U.S. financial institution by...