Deutsche Bank to Exit Russia, Says There Will Be No New Business There – Finance Bitcoin News

The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted.Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statementThe financial conglomerate reaffirmed its support for the German government and its allies in “defending our democracy and freedom.

DB noted that like others in the sector, abiding by legal and regulatory obligations, the bank is now winding down its remaining business in Russia while assisting its non-Russian clients in efforts to reduce their operations in the sanctioned country. It also insisted:by major American investment banks Goldman Sachs and JPMorgan Chase. Citigroup, the U.S. bank with the biggest Russian exposure, is limiting consumer business operations there as well.

Meanwhile, according to Reuters, Austria’s Raiffeisen Bank International is also considering a decision to leave the Russian Federation. The report quoted sources familiar with the matter without providing more details.

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Deutsche Bank Reverses Course on Russia, Says It Is Unwinding Business There After Ukraine InvasionThe development comes a day after its chief financial officer said it wasn’t “practical” to shutter the unit. Im not financial advisor please do your own research they are crypto project not a memecoin terareum terareum elonmusk jack all the way lets goo babe !! 🚀🚀🚀❤️❤️❤️❤️.
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Deutsche Bank to wind down Russia business: live updatesUkraine says 'zero progress' in talks, pushes back at Putin: live updates. There is a lot going on out there so check here for the latest news on how the conflict is affecting markets, businesses and the economy. — via financialpost finance
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Deutsche Bank winding down Russia businessDeutsche Bank has joined JPMorgan Chase and Goldman Sachs in winding down its business in Russia following the country's invasion of Ukraine. Some values … how many times have they loaned money to a career con-man? — TFG —
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Deutsche Bank decides to exit Russian market after allDozens of companies in industries from airlines to retailers, media to hospitality have pulled out of Russia since its invasion of Ukraine.
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