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BullNBear52

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BullNBear52

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Thursday, 03/10/2022 10:04:26 AM

Thursday, March 10, 2022 10:04:26 AM

Post# of 48184
Deutsche Bank defends decision not to exit Russia: It’s not ‘practical’ right now
PUBLISHED THU, MAR 10 20229:25 AM ESTUPDATED 34 MIN AGO

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.

https://www.cnbc.com/2022/03/10/deutsche-bank-says-not-practical-to-exit-russia-business.html

Translation: The laundry is still in the washing machine.

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