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OneBlueDotS-Carolina

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8. Banks That Stuck With Russia Face Their Biggest Test of Nerve

Tue Mar 8, 2022, 05:10 PM

Mar 2022

Previous decisions by Deutsche Bank AG, Finland’s Nordea Bank Abp and others to retrench in Russia may have been prudent. Deutsche Bank’s credit exposure there was 7.9 billion euros ($9 billion) in 2012 but that had fallen almost 70% by the end of 2016 after it shuttered a securities unit amid a money-laundering scandal. Morgan Stanley gave up its Russian banking license in 2019.

“Putin has laid a marker down,” said Jon Corzine, who ran Goldman Sachs Group Inc. until 1999, became a U.S. senator and now runs a hedge fund. “That will make it very difficult to have any confidence in doing any serious business there for a very long period of time for most U.S. and western investors.”

https://finance.yahoo.com/news/banks-stuck-russia-face-biggest-120018742.html

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The Coca-cola company Suspending Russian Operations [View all] OneBlueDotS-Carolina Mar 2022 OP

Morgan Stanley is still doing business in Russia, should I find a new financial advisor? Emile Mar 2022 #1

I was under the impression... OneBlueDotS-Carolina Mar 2022 #2

Their name was on the list... FarPoint Mar 2022 #3

Starbucks announced today they are out. onecaliberal Mar 2022 #5

Excellent... FarPoint Mar 2022 #7

If Pepsi doesn't get out today I'm done with them. onecaliberal Mar 2022 #10

I just scrolled here in DU... FarPoint Mar 2022 #12

I'm so glad to hear this. onecaliberal Mar 2022 #13

I just scrolled here in DU... FarPoint Mar 2022 #14

Pepsi suspending all capital investments, advertising, and promotional activities yaesu Mar 2022 #18

Here's a statement from PepsiCo's CEO OneBlueDotS-Carolina Mar 2022 #20

I know obligations for a public company are huge & complicated, I'm sure there are protections yaesu Mar 2022 #21

Banks That Stuck With Russia Face Their Biggest Test of Nerve OneBlueDotS-Carolina Mar 2022 #8

Here are their Russian locations. Emile Mar 2022 #6

Get someone else but Morgan Stanley will probably buy them. twodogsbarking Mar 2022 #23

Morgan Stanley pulled out of Russia today! Emile Mar 2022 #29

Emile, FeelingBlue Mar 2022 #16

McDonalds has closed all outlets but will continue to pay the staff at this time Bev54 Mar 2022 #4

George Cohon still owns...n/t OneBlueDotS-Carolina Mar 2022 #9

TY Bev54 Mar 2022 #11

What took them so long? nt FeelingBlue Mar 2022 #15

11% of their sales outside the US came from Russia, think its around $2 bil nt yaesu Mar 2022 #17

Maybe boycotts work. ananda Mar 2022 #19

actually the Ruble is almost worthless right now so what are you open for? there is literally no ZonkerHarris Mar 2022 #27

Yeah LetMyPeopleVote Mar 2022 #22

Bloody well time! TomSlick Mar 2022 #24

Parts of the World will have to be taught to sing another day. Gore1FL Mar 2022 #25

OK, Putin. LudwigPastorius Mar 2022 #26

Suspending? Or bringing it all back home. Let them pay more for shipping. Samrob Mar 2022 #28