JPMorgan Staff Irked Over Order to Save Texts on Personal Phones
- Told to search years of private WeChat, WhatsApp messages
- Bank warns workers of ‘consequences’ for failing to comply
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It’s an open secret that many Wall Street denizens have been taking a certain forbidden liberty while working from home: Tapping text messages to colleagues and clients on smartphones untethered to workplace surveillance systems. Now some of them are panicking.
JPMorgan Chase & Co. -- often a standard-setter for the industry -- is ordering traders, bankers, financial advisers and even some branch employees to sift through years of text messages on personal devices and set aside any related to work, according to people with knowledge of the situation.