LONDON/MILAN: Investment banks including Citigroup, Credit Suisse and Nomura 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.
The Japanese bank has also told employees working locally in Milan and Paris that they cannot book business trips to visit clients abroad, one of the sources said.AdvertisementThe curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and more than 200 cases.
"Managers have hinted at a shorter quarantine of one week rather than the standard fortnight but it is not clear yet," said a London-based banker whose employer had warned staff against booking trips to Italy. Credit Suisse has also encouraged local bankers to work from home and arrange calls with clients rather than seeing them face-to-face, they said.
Italian authorities have sealed off the worst-affected towns and banned public gatherings across a wide area, halting the carnival in Venice and football matches in Milan.
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