| Happy hump day. Wall Street's attempt at returning to some form of normalcy has already hit its first roadblock. JPMorgan had to send some employees home after someone on its equities trading team tested positive for the coronavirus, as reported by Bloomberg. It was difficult timing for Wall Street's biggest bank, as its chief executive, Jamie Dimon, had just finished speaking at a conference about the importance of returning to work and reopening cities. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Back again with another great story out of Dakin Campbell, who has a scoop about Citigroup freezing out the firms it's locked in a legal battle with over the $900 million wire it mistakenly sent. In case you missed it, Citi is currently at odds with about a dozen hedge funds and investment firms that refuse to return money the bank mistakenly sent to them last month on behalf of Revlon. Most financial firms in that position would look to the legal system to try and claw their money back, something Citi has already done But, Citi has another trick up its sleeve. Being one of the most powerful banks on Wall Street has its perks. And the bank has leveraged its position as a key trading partner to freeze out the firms it's at odds with. Click here to read the full story.
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