News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. financial companies are doubling down on travel restrictions to include dom...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks rise as investors monitor coronavirus outbreaks, Biden resurgenceGlobal stock markets extend days of volatility after the U.S. Democratic primary shakeup on Super Tuesday, and amid the coronavirus outbreak.
Source: latimes - 🏆 11. / 82 Read more »