UBS Suspends Middle East Work-Travel Amid Israel-Hamas Conflict: Report
Portfolio Pulse from Shivani Kumaresan
UBS Group AG has suspended work-related travel for its employees in the Middle East due to the escalating conflict between Israel and Hamas. This has led to the postponement of a high-profile wealth management conference in Qatar. Other banks such as JPMorgan Chase & Co and Morgan Stanley have advised their Israel-based teams to work from home.

October 11, 2023 | 5:36 pm
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NEGATIVE IMPACT
JPMorgan has advised its Israel-based teams to work from home due to the ongoing conflict.
The work-from-home advisory could impact JPMorgan's operations in Israel, potentially affecting its business performance in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Morgan Stanley has advised its Israel-based teams to work from home due to the ongoing conflict.
The work-from-home advisory could impact Morgan Stanley's operations in Israel, potentially affecting its business performance in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
UBS has suspended work-related travel in the Middle East, impacting its operations and events in the region.
The suspension of work-related travel could disrupt UBS's operations in the Middle East, potentially affecting its business performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100