Goldman Sachs Will Close Operations in Russia

Goldman Sachs is the first major Wall Street bank to exit Russia, with only 80 employees there. This move is easier for Goldman compared to Citigroup, which has 3,000 employees in Russia. JP Morgan has not disclosed its Russian exposure. Citigroup faces challenges selling its consumer business due to potential buyers being sanctioned entities. Large Russian companies are struggling with debt repayments, increasing default risks.

What actions is Goldman Sachs taking regarding its operations in Russia?

Evaluate responses using AI:

OFF

How many employees does Goldman Sachs have in Russia compared to Citigroup?

Evaluate responses using AI:

OFF

What challenges do multinational businesses face when trying to untangle from Russian operations?

Evaluate responses using AI:

OFF

What is the significance of JP Morgan in the context of Goldman Sachs' operations in Russia?

Evaluate responses using AI:

OFF

What are the implications for large Russian companies that rely on investment banks for issuing debt?

Evaluate responses using AI:

OFF