new york wall street stepped up preparations to deal with the impact of the coronavirus on tuesday testing backup plans and asking employees to work from home as a new yorker tested positive for the virus bringing the prospect of the spread of the infection closer to homea man in his 50s who lives in a new york city suburb and works at a small law firm in midtown manhattan tested positive for the virus bringing the number of confirmed cases in the state to two new york officials saidread alsogovernment bans export of 26 pharma ingredientsthe government on tuesday banned the export of 26 advanced pharmaceuticals ingredients apis or basic chemicals including paracetamol antibiotics such as metronidazole and neomycin some vitamins and hormones due to the spread of coronavirus and disruption in supplies from china which is thecoronavirus outbreak complete coverageofficials said they were trying to trace the movements of the man and his family and that seven people at his law firm had been designated by the citys health department as requiring monitoring one of the mans sons who attends a university in city was also showing symptoms of the virus mayor bill de blasio saidseveral banks and other financial services firms in the city were testing secondary offices and systems to ensure they could continue to operate if the situation worsenedsources familiar with jpmorgan chase cos plans said the largest us bank by assets was asking thousands of us employees to spend a day working from home in the coming weeks to test its contingency plansgoldman sachs group inc has secondary offices in nearby greenwich connecticut and jersey city new jersey and the bank has said it is continuously testing that systems work and could support employees including traders if there is a needcoronavirus outbreak live updatesjpmorgan citigroup inc wells fargo co and goldman sachs have restricted all nonessential international travel for employees starting with jpmorgan late last weekgoldman postponed its annual housing and consumer finance conference scheduled for wednesday in the citywe know that many of you cannot take time to be away from the office as you prioritize the continuity of your business it said in an email seen by reuters with that in mind and as travel restrictions that could affect our speakers and guests continue to evolve we have decided to postpone our conferencethe response from wall street comes as the virus has spread across the globe with some 80 nations hit with the flulike illness that can lead to pneumonia about 34 of confirmed cases of covid19 have died far above seasonal flus fatality rate of under 1 according to the world health organizationsome experts warned that the virus could pose unprecedented challenges for the financial industryone central bank official in asia said in their experience the scale of impact from the coronavirus had been larger than they expected and the business continuity plans that banks and other financial services firms had fell shortso i think this is something that