A fire that started before trading hours in New York on Friday morning temporarily knocked out Credit Suisse’s Manhattan trading floors, forcing the firm to move its professionals to an alternate site in Jersey City, N.J.

Duncan King, a spokesman for the Swiss bank, confirmed that there was a fire at the firm’s 11 Madison Ave. offices. "We moved the critical staff to a business recovery site. We were trading out of an alternate site in Jersey City," he told IDD on Monday. "We cleared and settled as normal on Friday out of the business recovery site."

The trading floors impacted by the fire included fixed income and equities trading. The firm's trading operations are on the third, fourth and fifth floors of its Madison Ave. location.

According to King, repairs to the trading floors were made on Friday, Saturday and Sunday. Staffers were back at their desks in New York on Monday morning.

Credit Suisse's spokesman said no cause for the fire has yet to be determined and no one was hurt by the fire. The cost of the damage is yet to be determined.

Although investors were monitoring the latest news from Dubai, activity in financial markets was muted on Friday because of the Thanksgiving holiday.

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