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Easy money: The obscure way Wall Street raked in billions from Russia

Easy money: The obscure way Wall Street raked in billions from Russia
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

Wall Street Reaped Ruble Fortune on Clients Fleeing From Russia

(Bloomberg) Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things were a year ago: Goldman Sachs Group Inc. President John Waldron called 2022 “particularly strong.” Citigroup Inc. boss Jane Fraser said “everything was firing on all cylinders.”Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border

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