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Here's exactly how much boutique banks like Evercore and Moelis are saving on travel and entertainment while globe-trotting dealmakers are grounded

1 month ago   |   By Business Insider

Boutique banks' travel expenses dropped dramatically in the second quarter, reflecting the move to Zoom during the pandemic.
One regulatory body clarified last week that companies can send food and beverages to clients for virtual meetings, but costs for such events likely pale in comparison to sending dealmakers around the world.
Some bankers and executives who have recently taken companies public say they're enjoying aspects of the virtual environment, like roadshows over Zoom instead of two-week, nonstop travel across cities.
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