Deutsche Bank defends decision not to exit Russia: It’s not ‘practical’ right now https://www.cnbc.com/2022/03/10/deut...-business.html
KEY POINTS
- Deutsche Bank’s CFO said Thursday it is not “practical” to close its Russia business, despite similar moves by major corporations seeking to distance themselves from the pariah state.
- Speaking to CNBC, James von Moltke said the decision hinged on the bank’s duty of care to its clients in the country.
- The comments come as the list of Western companies closing or pausing their Russia operations grows.
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