Credit Suisse Joins Rivals in Reimbursing Hong Kong Quarantine
- Bank offers Hong Kong staff HK$40,000 for quarantine costs
- Joins JPMorgan, Morgan Stanley and Goldman in covering costs
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Credit Suisse Group AG is the latest global bank offering Hong Kong employees compensation to cover the cost of mandatory hotel quarantine upon returning to the city that implements one of the world’s strictest zero-Covid policies.
The Zurich-based bank joins others including JPMorgan Chase & Co and Morgan Stanley in rolling out compensation plans for Hong Kong staff. Goldman Sachs Group Inc. is reimbursing employees across Asia-Pacific, citing the “additional burden of multiple lockdowns and some of the strictest quarantine measures in the world.”