US financial companies prep for new normal amid coronavirus outbreak

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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European, US stocks resume slide as coronavirus spreads, oil drops below US$50NEW YORK: European and US stock markets resumed their downward slide on Thursday (Mar 5), while Brent oil prices slid below US$50 a barrel for the ...
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