Boston's Financial District Deserted As People Work From Home

Empty Desk

The streets of Boston's financial district, usually bustling with activity, were nearly empty on Friday as staff worked from home during a virtual lockdown of the city while police hunted a suspect wanted in Monday's bombings.

Reuters reports that Boston is a major center for U.S. fund management companies, with about 20% of the nearly $15 trillion of U.S. mutual funds and exchange-traded funds, according to Lipper.

Eaton Vance Corp, a fund manager overseeing $255bn, and Citigroup have advised their employees dealing with institutional customers to work from home.

With public transit shut down, 'the only way anyone can get to work is drive or walk, if they live nearby', said Robyn Tice, an Eaton Vance spokeswoman. 'People are being asked to decide what makes most sense'.

Hit the link below to access the complete Reuters article:

Boston's financial district deserted as people work from home

State Street beats estimates on higher servicing fees

Blackstone ends pursuit of Dell

image: © Reinis Traidas

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts