The policy will come into effect next month in a bid to lift other Covid-related rules at the firm, such as social distancing and the wearing of face coverings. The company has already introduced “vaccine-only” workspaces within some office departments, though in the near future, employees who are not yet fully vaccinated will be expected to continue working remotely, despite calls by Morgan Stanely’s CEO James Gorman for staff to return to the office.

Currently, the policy operates on an honour system, though in the near future the bank may decide to ask its employees for proof of vaccination status. Mr Gorman has said if his employees are able to dine in restaurants around the city, then he sees no reason why they cannot return to the office. The CEO has also said that he would be “very disappointed” if US workers had not made the return by September. Several other banks are also taking a tough stance against home-working. Jamie Dimon, CEO of JP Morgan, has recently said he wants US employees back in the office from July.