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12.55am BST

- Joan E Greve and Maanvi Singh

12.37am BST

The chief executive of Morgan Stanley has become the latest US banking boss to call for an end to remote working, telling his New York staff that anyone who feels safe going out to a restaurant should return to the office.

James Gorman admitted that the bank would take a different approach in countries such as India or the UK - where fewer than 25% of its 5,000 London staff have been going to work in person - due to stricter Covid restrictions.

Related: Morgan Stanley boss tells US staff to be back in office in September