(Reuters) – JPMorgan Chase & Co (NYSE 🙂 will grant its US employees a floating day off for the newly implemented federal holiday of June 18, according to an internal memo seen by Reuters.
While the holiday falls on the weekend, employees can coordinate with managers for a paid day off between July 1 and December 31, said the memo from CEO Jamie Dimon and global director of diversity and inclusion Brian. Lamb.
Wealth manager UBS also disclosed similar plans for its US employees, an internal memo showed.
President Joe Biden signed a bill Thursday to recognize June 19, or “the 19th,” a federal holiday that marks the end of legal slavery for African Americans.
It marks the day in 1865 when a Union general informed a group of enslaved people in Galveston, Texas, that they had been freed two years earlier by President Abraham Lincoln’s Emancipation Proclamation during the Civil War.
The 19th is the first new federal holiday created in nearly four decades. Texas officially declared June 15 a state holiday in 1980, and since then the holiday has been officially recognized in most US states.
The U.S. Securities and Exchange Commission also said its offices would be closed on Friday.
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