For Jefferies, the last big broker-dealer standing after the global financial crisis a decade ago that saw Morgan Stanley and Goldman Sachs transform themselves into banks, the coronavirus crisis has hit close to home.
In March, the firm lost chief financial officer Peg Broadbent to the virus, a tragedy that shocked its staff and those that used to work there.
Financially, however, the picture is far from gloomy. The biggest Wall Street banks are set to begin reporting 2020 earnings this week, with JPMorgan and Citi due to announce on Friday.
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