JPMorgan suspends traders over chat practices
It is at least the second time this year that traders have been suspended over communications
JPMorgan Chase has once again sidelined fixed-income traders while it reviews employee chat practices, according to Business Insider.
The company pulled traders off its trading floor while examining whether they breached company policy.
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The bank has removed two traders in New York and one in London while also turning off their Bloomberg terminals, according to Business Insider.
A credit trader was put on leave in January during a review of whether he violated policies by chatting with colleagues on WhatsApp, the Facebook-owned messaging service, according to Bloomberg.
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The two incidents are reportedly not related.
A JPMorgan representative declined to comment to Business Insider.
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The conduct in question reportedly took place on the Bloomberg terminal chat platform.