StockWatch: Russia Owes to Wall Street Banks, Will They Collect?
It has come to light that Russian entities owe more than $100bn to international banks.
Goldman Sachs has disclosed that it had credit exposure to Russia of $650 million in December 2021.
Also, Citigroup said last week that it had roughly $10 billion in total exposure to Russia.
Will these big wall street banks have enough to absorb the consequences of Russia being cut off from the global banking network?
- JPM 01:45
- GS 03:05