Fidelity, Morgan Stanley Prepare for Continued COVID-19 Concerns

Fidelity, Morgan Stanley Prepare for Continued COVID-19 Concerns
A Fidelity Investments store logo is pictured on a building in Boca Raton, Fla., on March 19, 2016. Carlo Allegri/Reuters
Reuters
Updated:

BOSTON/NEW YORK—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.”

U.S. financial firms have been more proactive than other industries in encouraging employees to return to offices.