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Thousands of staff members, billions of dollars and three decades of complicated relationships. Some of the world's largest banks are starting to pull back from Russia, but it's not going to be easy.
Thousands of staff, billions of dollars and three decades of complicated relationships. Some of the world’s largest banks are starting to pull back from Russia, but it’s not going to be easy. Goldman Sachs Group Inc. became the first to announce its withdrawal on March 17, having already moved some Moscow-based staff to Dubai. JPMorgan Chase & Co. followed suit, saying it is
(Bloomberg)
Credit Suisse Group AG said it will give investors a long-awaited update on strategy later this week, as the Swiss lender seeks to map out its future direction after the Archegos Capital Management and Greensill hits.