Goldman Sachs, JPMorgan unwinding Russia businesses
Goldman Sachs Group Inc (GS.N)and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s invasion of Ukraine and putting pressure on rivals to follow.
EU unlikely to cut Russia off SWIFT for now, sources say
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
