News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

Citi, Goldman and co boycott Brunei-owned hotels over death penalty laws

Backlash against the country’s decision to introduce stoning for homosexuality grows

 A protester is seen holding a placard that says: Stone one of us, face all of us during the protest condemning the new anti-LGBTIQ laws brought in by the Sultan of Brunei.
A protester is seen holding a placard that says: Stone one of us, face all of us during the protest condemning the new anti-LGBTIQ laws brought in by the Sultan of Brunei. Photo: Getty Images

Global investment banks are banning staff from staying at hotels owned by the kingdom of Brunei, amid the backlash against the country’s decision to introduce the death penalty for homosexuality.

Citigroup, Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, Jefferies, Morgan Stanley and Nomura have all removed nine luxury hotels owned by the tiny Asian nation from their list of approved destinations for employees. In the UK, these hotels include the Dorchester at 45 Park Lane and Coworth Park.

WSJ Logo