As the Covid-19 Delta variant spreads and corporations begin to implement vaccination policies, all eyes are on Wall Street.
Goldman Sachs has drawn a line in the sand, despite talk of banks requiring employees to show proof of vaccination. Employees who have not submitted proof of vaccination status will not be allowed to use their ID cards to enter the office building, according to a spokesperson for the investment bank.
Employees at Goldman Sachs are now required to report their vaccination status to the company, according to a policy that went into effect on June 10. Failure to do so has specific ramifications.
“If you do not report your vaccine status to Goldman, your ID card will not work to enter the building,” a spokesperson for the company told CNN Business. “The entrance of the building is contingent on you reporting your vaccine status,” the spokesperson added.
Employees who have not been vaccinated must take a quick Covid-19 test on site at the Goldman Sachs office and will be tested on a regular basis, according to the spokesperson. Employees who test positive will be asked to leave the building right away.
Morgan Stanley (MS) has banned all unvaccinated employees and clients from entering its New York headquarters. According to a memo to employees, all employees who work in buildings with a “large employee presence” were required to confirm their vaccination status by July 1.
Employees who are vaccinated and have shared their vaccine status with the company are not subject to any restrictions at Deutsche Bank (DB), according to a spokesperson for the bank. Employees who aren’t vaccinated or who don’t share their vaccination status, on the other hand, must answer a series of questions about any symptoms and travel, as well as wear masks and be tested several times a week at the office.
Employees who have been vaccinated at Citibank can submit their vaccine cards, while those who have not been vaccinated must test three times per week with an at-home rapid test. Employees upload their results to the test’s app for their employer to see after taking the test.
When asked for specifics on how their vaccine policy will be implemented, Bank of America (BAC) was more evasive. “We’re removing people who have shared their vaccination status,” a company spokesperson told CNN Business. “We are prioritizing the vaccinated coming back,” the spokesperson added.
A spokesperson for Wells Fargo (CBEAX) told CNN Business that the company is “collecting vaccination status from our employees to better enable our focus on health and safety in the workplace.”
According to a memo sent to employees by Jefferies’ CEO and president, only vaccinated employees are allowed into the office, and only after they’ve waited the appropriate amount of time for full vaccine efficacy. “We require that, after Labor Day, anyone who is not fully vaccinated should continue to work from home,” the memo said.