Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley have told staff in Israel to work from home after an unprecedented invasion of the country by Hamas militants set off a war.
(Bloomberg) — Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley have told staff in Israel to work from home after an unprecedented invasion of the country by Hamas militants set off a war.
JPMorgan, which has about 200 employees in Israel, and Morgan Stanley have asked their workers not to come to office, people familiar with the plans said. A spokesman for Goldman confirmed the decision, while representatives for the other two Wall Street firms declined to comment.
At Citigroup Inc., staff in Israel can work from home or in the office. “We are monitoring the situation in Israel carefully,” a spokeswoman for the bank said. “The safety of our colleagues is our highest priority and at the same time we remain focused on serving our clients.”
Israel Latest: Army Stops Lebanon Incursion, Calls Up 300,000
The attack by the Gaza-based militant group Hamas, which started Saturday, has killed more than 700 Israelis, mostly civilians. Some 500 Palestinians have been killed in retaliatory strikes, Palestinian authorities said.
Israel’s military said it killed a number of infiltrators who crossed into its territory from Lebanon as it tackles threats on multiple fronts and announced its largest ever mobilization.
(Updates with details on Citigroup in third paragraph.)
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