Goldman Sachs shuts down its Russia business

  • 📰 wsfa12news
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Goldman Sachs shuts down its Russia business.

Banking is the latest industry to come under pressure to cut its Russian ties due to the war.

But unlike companies who make goods that ship to Russia, banks have loans, deposits and existing customer relationships that take time to wind down or sell off.Copyright 2022 The Associated Press. All rights reserved.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 338. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs Shutters Russia Business, First Major Wall Street Bank to Leave After Ukraine WarThe move is the latest sign of Russia’s increasing isolation in the third week of President Vladimir Putin’s campaign to overthrow the government of Ukraine.
Source: nbcchicago - 🏆 545. / 51 Read more »

European stocks give back gains as ECB meeting looms; Goldman Sachs cuts growth outlook over UkraineEuropean stocks were on the backfoot on Thursday, ahead of a key central bank meeting and as oil prices renewed a push higher. The true Muslims will fight against the army of Dajjal. This will be the worst war of mankind, and will be the precedent before the return of Esa AS. These are events from Muhammad Qasim's dreams, & many are already calling him the Imam Al-Mahdi.
Source: MarketWatch - 🏆 3. / 97 Read more »