Two U.S. banks halt layoffs amid coronavirus uncertainty
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(Reuters) - Morgan Stanley and Citigroup Inc have hit pause on layoffs as the coronavirus pandemic has led to a record level of unemployment claims and unprecedented economic uncertainty, according to sources.Morgan Stanley on Thursday pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure worried employees during the coronavirus pandemic.Contents of the memo were confirmed by a Morgan Stanley spokesman.Citigroup Chief Executive..