JPMorgan says it’s banning business travel for unvaccinated staff and will soon deduct extra pay for COVID-19 tests and health insurance: report

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, fields questions from Mellody Hobson, president of Ariel Investments, during a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois.

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. Scott Olson/Getty Images

  • JPMorgan said it’s banning business travel for unvaccinated employees, Bloomberg first reported.

  • The bank also said it would deduct extra pay from unvaccinated staff to cover COVID-19 tests.

  • Vaccines were now mandatory for new hires in some roles, JPMorgan wrote in the memo, per Bloomberg.

  • See more stories on Insider’s business page.

JPMorgan is set to ban business travel for unvaccinated employees and deduct a larger cut of their pay than normal to cover COVID-19 tests, Bloomberg first reported on Monday.

US employees who aren’t vaccinated