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Goldman Sachs becomes the first major US bank to exit Russia
short by Pragya Swastik / on Thursday, 10 March, 2022
Goldman Sachs on Thursday said it was closing its operations in Russia, becoming the first major US bank to exit the country following Russia's invasion of Ukraine. "Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," the bank said. In its annual filing earlier, the bank disclosed a $650-million credit exposure to Russia.
read more at Reuters