World
U.S. Banks Expand Travel Curbs in Response to Coronavirus
- Citigroup, Morgan Stanley, Wells Fargo impose new restrictions
- Goldman Sachs postpones economic conference in New York City
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Several of the biggest U.S. banks and the nation’s largest life insurer expanded their restrictions on employee travel Monday, curbing all non-essential trips abroad as the coronavirus spreads across the globe.
Citigroup Inc., Morgan Stanley and Wells Fargo & Co. told employees not to travel internationally without approval from top company executives, expanding earlier restrictions that targeted countries where the outbreak was most severe. MetLife Inc. and Bank of New York Mellon Corp. imposed similar rules, people familiar with the matter said, and JPMorgan Chase & Co., the biggest U.S. bank, did so last week.