7 Wall Street Institutions Slammed By Hurricane Sandy

As Hurricane Sandy battered the North East leaving a trail of death and destruction in New York and New Jersey, Wall Street banks suffered varying degrees of damage. We take a look at seven financial institutions that were slammed by Sandy.
November 02, 2012


6. JP Morgan Chase

As the North East assessed the devastating damage wreaked by Hurricane Sandy, JPMorgan Chase employees outside New York City were working in central New Jersey. At the bank’s main trading floor in Midtown Manhattan on Tuesday October 30, many employees who were reportedly wearing jeans and rain boots, booked hotels for the night and discussed strategy, the New York Times reported.

The bank sustained minimal damages at a building downtown. But Gordon Smith, the co-CEO of consumer and community banking, was having a harder time than many of his employees: He reportedly had to deal with a tree that knocked out the third floor of his Summit, New Jersey, home. “He has a 60-foot tree on his house that’s knocked out his third floor, he’s been up all night,” Todd Maclin, his co-CEO, said Oct. 30. “I’m currently trying to get him a 150-foot crane so we can pull the tree off,” he told Bloomberg News .

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