Asset management firm Fidelity Investments on Monday said it had paused some voluntary return-to-office plans while Morgan Stanley's CEO said he expects COVID-19 to be an issue through the next year, in a further sign that America's financial industry is rethinking its return to 'business as usual.'
A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo AllegriBOSTON/NEW YORK, Dec 13 - Asset management firm Fidelity Investments on Monday said it had paused some voluntary return-to-office plans while Morgan Stanley's CEO said he expects COVID-19 to be an issue through the next year, in a further sign that America's financial industry is rethinking its return to "business as usual.
Mills said he received calls every day last week from companies experiencing COVID-19 outbreaks seeking advice on whether to delay bringing employees back or reinstate mitigation measures, like social distancing. Cases surged after Thanksgiving, and are expected to continue rising and peak in January, he said.
Gorman has been vocal in support of getting staff back to the office. At the firm's U.S. financials, payments and commercial real estate conference in June he said, if "you want to get paid New York rates, you work in New York".
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley CEO says he was wrong on return-to-office push: 'Everybody's still finding their way'In June, Gorman told conference attendees that he would be 'very disappointed' if his workers hadn't returned to Morgan Stanley buildings by Labor Day.
Read more »
Vanessa Morgan Shares Adorable Snap of 10-Month-Old Son River: 'Cutest Fit in the Game'Riverdale star Vanessa Morgan welcomed her first baby with husband Michael Kopech in January
Read more »
Apple inches closer to $3 trillion valuation as J.P. Morgan says investors 'underappreciate' key upgrade opportunityApple shares need to finish a trading session at or above $182.86 for the company to secure a $3 trillion market value. One J.P. Morgan analyst said $AAPL is a “top pick” heading into next year.
Read more »
How Sequencing Covid-19’s Viral Genome Helps Hunt for VariantsResearchers are untangling the genetic code of the Covid-19 virus, in their race to track fast-moving variants. The process starts with a Covid-19 test
Read more »
Behold, the Many Ways Pro-Death Republicans Are Going After Biden’s Vaccine Mandates“They won’t stop until every American has the right to get COVID-19.” Read the latest from besslevin.
Read more »
Ten years into Kim Jong Un’s rule, North Korea is more North Korean than everIn North Korea, there are reports of severe food shortages and political purges, even as North Korea’s state media rebuff any diplomatic overtures from America or South Korea
Read more »