Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Maximize Flexible Space Revenue
Home News Business

Goldman Sachs Becomes First Wall Street Bank To Exit Russia

Rather than immediately exiting the country, Goldman Sachs will wind down their operations where its losses are expected to be insignificant according to sources.

Aayat AlibyAayat Ali
March 10, 2022
in Business
Reading Time: 2 mins read
A A
Goldman Sachs Becomes First Wall Street Bank To Exit Russia

More stories for you

The Real Reason Coworking And Flex Spaces Struggle To Make Money

The Real Reason Coworking And Flex Spaces Struggle To Make Money

2 days ago
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

3 days ago
The Ultimate Guide To Making Your Coworking Space More Profitable And Efficient

The Ultimate Guide To Making Your Coworking Space More Profitable And Efficient

1 week ago
New IWG Research Reveals How To Seize Hybrid Advantage For Business Growth

New IWG Research Reveals How To Seize Hybrid Advantage For Business Growth

2 weeks ago

Goldman Sachs has become the first major Wall Street financial firm to cut ties with Russia following the country’s invasion of Ukraine. 

“Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements,” the bank said in a statement. 

Advertisements
Disaster Avoidance Experts

Rather than immediately exiting the country, Goldman Sachs will wind down their operations. A source also said that this departure would be insignificant to the company’s finances. 

More and more Western organizations are ceasing their operations in Russia, putting pressure on banking firms to consider following suit. According to the Bank of International Settlements, European banks are expected to experience the bulk of exposure to Russia, but US banks will also face exposure totaling $14.7 billion. 

Advertisements
Workspaces Run Better On UltraSoftBIS

Goldman Sachs reported a $650 million credit exposure to Russia recently. 

However, Citigroup is the US bank that faces the highest exposure. This week, the financial firm said it would be limiting its Russian consumer operations and will divest the franchise. 

According to Cornell Law School Professor Dan Awrey, banks “can’t just unilaterally walk away from lending commitments and other types of financial claims” because “there’s somebody on the other side and that will make it much more complicated.” 

Advertisements
Subscribe to the Future of Work Newsletter
Source: Reuters
Tags: Business
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

The Real Reason Coworking And Flex Spaces Struggle To Make Money
Coworking

The Real Reason Coworking And Flex Spaces Struggle To Make Money

byHarun Biswas
2 days ago

Coworking spaces struggle with hidden costs and need tech and cost visibility to stay profitable.

Read more
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

3 days ago
The Ultimate Guide To Making Your Coworking Space More Profitable And Efficient

The Ultimate Guide To Making Your Coworking Space More Profitable And Efficient

1 week ago
New IWG Research Reveals How To Seize Hybrid Advantage For Business Growth

New IWG Research Reveals How To Seize Hybrid Advantage For Business Growth

2 weeks ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Workspaces Run Better On UltraSoftBIS

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00