Morgan Stanley plans June return of some traders to New York headquarters

Business

Morgan Stanley (MS.N) is planning to start getting some traders to return to its New York headquarters in mid- to late-June.

A Morgan Stanley spokeswoman declined to comment.

The Wall Street bank expects only a small number of traders and workers in other departments will make use of the back-to-office option.

New York’s Governor Andrew Cuomo said Friday the city was “on track” to reopen on June 8, when it will begin phase one of the governor’s reopening plan. During that phase, some 400,000 New Yorkers are expected to return to work.

Non-essential construction and manufacturing is allowed to resume, and non-essential retail stores can also begin offering curbside pick-up.