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SocGen and Citigroup are among the most exposed to Russia
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fnlondon.comSociete Generale is managing its Russia operations with "utmost caution and selectivity" and Citigroup said it risks losing around half of its $10bn business in the country.
As banks try to distance themselves from Putin's regime after the invasion of Ukraine, they're also unveiling how vulnerable they might be. SocGen has emerged as a European bank with one of the largest footprints in the country, while Citigroup's retail unit there means it has higher risks than its Wall Street rivals.
In...
Read more on fnlondon.comAbout this in other media
US and EU double down on measures against Russia potentially using crypto to evade sanctions cointelegraph.com /2 years ago
Mothercare and owner of KFC pause business in Russia theguardian.com /2 years ago
Pulling the plug on Russian oil and gas won’t be a smooth ride for consumers theguardian.com /2 years ago
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