Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly
MPs are urging major banks to shut their Moscow offices, after campaigners accused them of “quietly profiting” off their Russian operations while other industries sever ties with the country.
Some of the City’s largest lenders including JP Morgan, Deutsche Bank, HSBC and Credit Suisse collectively employ thousands of staff who offer banking services to large companies and wealthy clients doing business in Russia.
