July 9, 2020 / 4:41 AM / a month ago

JPMorgan puts plans for Ohio office return on hold indefinitely

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. JPMorgan Chase & Co will pay $920 million in penalties in two countries to settle some of its potential liabilities from its "London Whale" derivatives trading losses last year, according to terms made public by regulators on Thursday. REUTERS/Mike Segar/Files

(Reuters) - JPMorgan Chase & Co is pulling back on returning some of its 18,000 employees to work at offices in Columbus, Ohio, after coronavirus cases in the state jumped, the bank said on Wednesday.

Plans by the biggest U.S. bank to bring back as many as half of its workers to buildings in the city between July 13 and Labor Day are on hold indefinitely, Bloomberg News first reported here, citing people briefed on the decision.

The bank is making plans to start a first phase of returning workers to offices in additional states including Delaware starting in mid-August, Bloomberg said.

Reporting by C Nivedita; Editing by Aditya Soni and Tom Brown

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