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Goldman Sachs, JPM weigh covering abortion travel costs: report

Bloomberg News reported on Thursday that major US banks Goldman Sachs and JPMorgan Chase are exploring extending abortion coverage for employees to cover travel, citing people familiar with the topic.

According to the report, the Wall Street titans may pay for travel charges for employees seeking abortions in places with tight abortion restrictions.

According to a leaked initial draught majority opinion released by Politico on Monday, the US Supreme Court is poised to reverse the Roe v. Wade ruling, which legalised abortion statewide.

A spokeswoman for JPMorgan declined to comment on the story. Spokespeople from Goldman Sachs did not immediately reply to Reuters inquiries for comment.

Other firms, such as Levi Strauss and Amazon, have vowed to provide similar assistance to their US employees who need to travel out of areas where abortion services are limited, such as Texas and Oklahoma.

Citigroup is the first major US bank to cover travel expenses for workers who travel out of state for abortions due of newly implemented restrictions in Texas and other states in March.

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Akanksha Jain

Akanksha Jain love to learn new stuff every day. With a background in computer science and a passion for writing, she loves writing for Startup, Business sections of Editorials99.

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