Global Banks Curb China Travel After UBS Banker Stopped From Leaving

Global Banks Curb China Travel After UBS Banker Stopped From Leaving
The entrance of the Swiss banking giant UBS main headquarters in the center of Zurich, Switzerland, is seen on Sept. 15, 2011. Fabrice Coffrini/AFP/Getty Images
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HONG KONG—Several global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.

BNP Paribas and JPMorgan also asked their private banking employees to reconsider their China travel plans after the authorities’ action against the UBS banker, two people said.