Investment Banking

Moscow bankers worry they’re stuck as Wall Street unwinds in Russia

Banker in Russia who is trying to secure a visa: ‘I’ll do anything I need to, to get out’

Thursday 17 March 2022 at 00:01

'The sector has been knocked down,' said a dealmaker who has worked at Wall Street banks in Russia
'The sector has been knocked down,' said a dealmaker who has worked at Wall Street banks in Russia Photo: Vlad Karkov/Getty Images

Western banks in Russia are pulling the plug.

With thousands of staff in the country and billions in assets, banks’ exits are likely to be drawn out and costly.