U.S. financial companies prep for new normal amid coronavirus outbreak

NEW YORK - 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.

“Meet across cities and countries by telephone or telepresence,” the bank encouraged employees in the memo. Rival Citigroup Inc has also started discouraging face-to-face meetings, according to a source familiar with the matter. Buyout firms Blackstone Group Inc and Apax Partners LLC postponed their annual meetings or will hold them remotely because of the coronavirus.

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