Deutsche Bank Reverses Course on Russia, Says It Is Unwinding Business There After Ukraine Invasion

Deutsche Bank said Friday that it was winding down its operations in Russia, one day after its chief financial officer said"Like some international peers and in line with our legal regulatory obligations, we are in the process of winding down

our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations," Dylan Riddle, a U.S.-based spokesman for the German bank, said in an email.This story is developing. Please check back for updates.

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