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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Source: Reuters - 🏆 2. / 97 Read more »