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Deutsche Bank may leave Russian market

27.11.2020,17:24


November 27, Fineko/abc.az. American observers advised Deutsche Bank to withdraw from the Russian market.

ABC.AZ reports that Wall Street Journal informs this, citing sources familiar with the situation.

The financial organization intended to expand its business in Russia, despite a number of mistakes and severe fines. But outside observers appointed by the New York Department of Public Financial Services intervened.

They said that efforts to improve the Bank's operations are not enough to take risks and work with Russian clients. At the same time, it is reported that this is just a recommendation, and the last word remains with the Bank's management.