Morgan Stanley just halted non-essential employee travel outside the US as coronavirus spreads
- Morgan Stanley is halting non-essential travel outside the US as the coronavirus spreads, the firm said in a memo to staff.
- Domestic travel within the US is not restricted, the firm said in the memo.
- Only business-critical travel outside the US will be permitted and must be pre-approved by a division head, the memo said.
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Morgan Stanley is halting non-essential travel outside the US as the coronavirus spreads, the firm said in a memo to staff sent on Sunday night seen by Business Insider, adding that employees should anticipate additional changes.
Only business-critical travel outside the US will be permitted and must be pre-approved by a division head, the memo said. Domestic travel within the US is not restricted, but the firm said it will continue to closely monitor the situation.
The New York-based bank also said additional working-from-home requirements might be imposed in the coming days.
A spokesperson for Morgan Stanley declined to comment beyond the contents of the memo.
Other financial services firms and global businesses have implemented new policies and travel restrictions as the coronavirus has spread outside of China. Goldman Sachs told staff that all non-essential business travel should be postponed, Reuters reported early Monday.
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