U.S. financial companies are doubling down on travel restrictions to include domestic trips, replacing meetings with video calls, and webcasting events as the coronavirus outbreak starts to alter business-as-usual across the sector.
Similarly Wells Fargo & Co said on Thursday that it was restricting all non-essential domestic business air travel in the United States, according to a memo seen by Reuters. Hedge-fund firm Third Point LLC decided to replace the in-person portion of its March 9 investor day in Manhattan with a webcast, according to a message sent to attendees on Thursday, a copy of which was seen by Reuters.
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