Investment banks including Citigroup Inc , Credit Suisse and Nomura Holdings Inc have curbed trips to Italy on fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, four sources told Reuters.
Nomura has instead taken a more rigorous approach putting all countries affected by coronavirus deaths on a blacklist, including Italy and France, and banning staff from traveling there, they said. Most bankers in London who want to see clients in Italy fear they will have to go through the same quarantine policies when flying back to London, the sources said.
In a statement on Monday UniCredit said it has introduced"a ban on non-essential domestic and international travel" as a precautionary measure.Other banks including Barclays and Morgan Stanley have told their Milan staff to avoid traveling to their respective offices in the heart of Milan, two other sources said.
More than 200 people in Italy have come down with the virus since Friday, latest data showed, the vast majority of them in the wealthy northern regions of Lombardy and Veneto.
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