Goldman Sachs slashes credit exposure to Russia

Goldman Sachs slashes credit exposure to Russia

(Reuters) -Goldman Sachs Group Inc reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a regulatory filing on Monday.

The bank said market exposure tied to Russia and total exposure to Ukraine were not material.

In March, Goldman Sachs became the first major U.S. bank to announce it was retreating from Russia after the country invaded Ukraine.

In a post-earnings call last month, Goldman Sachs Chief Executive Officer David Solomon said the Ukraine conflict had resulted in a net loss of $300 million for the bank in the first quarter.

Download our Android app, never to miss the latest news

Get it on Google Play

Original Source

( If you are looking for smart investing ideas and Top stocks, look no more, click here and check out our investments page )

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

If you want to start investing in stocks click on the banner below and invest with our trusted partner eToro:

Want to know how to start investing in Cryptocurrencies and Stocks? Click here and get more information about the top investing platform available.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you


* indicates required
DigitalOcean Referral Badge
Previous articleNew Record: The Highest Ever Monthly Community Burn, 26 Billion Shiba Inu Burnt In April; 34B SHIB Since Start of 2022
Next articleSEC Files to Protect Crucial Documents Related to Ripple Case