JPMorgan to bring U.S. staff back to office on rotational basis from July

FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith

(Reuters) - JPMorgan Chase & Co, the largest U.S. bank, is planning to bring all of its U.S. staff back to office on a rotational basis from July, according to a memo from the bank's operating committee that was viewed by Reuters on Tuesday.

The bank said that it would continue to maintain a 50% occupancy cap during the return-to-office phase, as per the current social distancing guidelines issued by the U.S. Centers for Disease Control and Prevention.

"With this timeframe in mind you should start making any needed arrangements to help with your successful return. Each line of business will work with their managers and location leaders to determine an appropriate schedule," JPMorgan said in the memo sent to employees.

(Reporting by Anirban Sen in Bengaluru; Editing by Amy Caren Daniel)

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