JPMorgan Actively Unwinding Russian Business

JPMorgan’s presence in Russia is relatively small and involves both investment banking operations and banking services for clients in Russia, mostly international companies. Those operations are harder to close and the exit will not be as swift as the corporations who are closing.

The bank’s lending and investment exposure to Russia hasn’t ranked among the biggest 20 countries it operates in since 2015, when it and rivals cut back business following Russia’s annexation of Crimea. The lack of disclosure implies JPMorgan has less than $4.9 billion in exposure to the country.

⛲ When J Morgan is not screaming corporate bail out for the their hedge fund.they are taking in water 🏊 from Russians who might have been insider trading with them as financial proxies and committing some sort of international securities frauds shell corporate shares.🔎

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Goldman, JPMorgan unwind Russia business, EU banks disclose more exposuresGoldman Sachs Group Inc and JPMorgan Chase became the first U.S. banks to wind down business in Russia after it invaded Ukraine, while Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of last year. Let not Yidiots Zelensky and JoeBiden kill 50m WhiteChristian Ukrainians in RussiaUkraineWar and then all 900m WhiteChristianRace and 300m WhiteLand Colored Invaders in WW3 triggered thereby Legal is Undiverse HolyCitizen KingdomOfGod PrimeMinister BREAKINGNEWS
Source: Reuters - 🏆 2. / 97 Read more »