Morgan Stanley's Bank Business to Exit Russia Next Year -- Reuters
May 06 2019 - 3:13PM
Dow Jones News
-- The Russian unit of Morgan Stanley (MS) will voluntarily end
banking operations in that country next year, Reuters reports
Monday.
-- The unit will cease operations in the first quarter, it said
in its annual report, according to Reuters.
-- The Russian unit said sanctions imposed by the U.S. and
European Union created difficulties for the business, the report
said.
www.reuters.com/article/us-russia-banks-morgan-stanley/morgan-stanley-to-shut-down-its-russian-banking-business-in-first-quarter-2020-idUSKCN1SC1R9?il=0
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 06, 2019 14:58 ET (18:58 GMT)
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