Oct 31 JPMorgan Chase & Co, Morgan
Stanley and Wells Fargo & Co said on Wednesday
they have reopened more than half of the branches and brokerage
offices that were closed as Hurricane Sandy battered the U.S.
East Coast early this week.
At least 134 of the 183 Morgan Stanley brokerage offices
that were closed had reopened by mid-morning, the company said.
The offices that remained closed either lacked electricity or
were inaccessible due to flooding or other damage. Most of the
closed offices were in New Jersey and New York, with some in
JPMorgan said it had reopened 587 Chase branches, about 55
percent of the total in the states of New York, New Jersey and
Pennsylvania. Nearly 60 percent of the New York City-based
bank's 3,200 automated teller machines in the area were running.
Wells Fargo said 106 of 156 branches in New York and
Connecticut were open. Some offices in Manhattan, Long Island
and coastal Connecticut remained closed.
Bank of America said in statement that operations from
Virginia to Massachusetts that were hit by the storm were
"returning to business as usual." The bank did not say how many
of its offices were still closed.
Meanwhile, Goldman Sachs Group Inc opened both its
headquarters in Lower Manhattan and its office across the river
at 30 Hudson Street in Jersey City, New Jersey on Wednesday.
Goldman offices in Princeton, New Jersey, and Greenwich,
Connecticut, were still open for some employees, while others
worked remotely. Staff in the securities division - especially
those who live in Manhattan - generally came into the office,
though the lack of public transportation and traffic made
commutes longer than usual.
Goldman's two main buildings in the New York area, which
bookend the Hudson River, sustained some flooding but no serious
damage from the hurricane, a representative said.
Citigroup's Lower Manhattan buildings used for trading and
investment banking remained closed. The company said on Tuesday
night that it would update information on access to those
Greenwich Street buildings later this week.