Topline
The conflict in Ukraine has caused many of Wall Street’s biggest banks to begin winding down their business in Russia, but they could still face billions of dollars in losses as they reduce exposure and divest from Russian firms amid a barrage of Western sanctions.
Banks could lose billions as they scale back business in Russia—but exposure was minimal to begin … [+]
Kena Betancur / AFP តាមរយៈគេហទំព័រ Getty
ការពិតសំខាន់
While it will likely be a drawn-out process for banks to unwind their operations in Russia, some firms have higher exposure than others—meaning greater potential losses if borrowers default on a payment—but for most, Russian investments still represent a small portion of cumulative assets.
JPMorgan Chase CEO Jamie Dimon said in an annual shareholder លិខិត on Monday that the bank was “not worried” about direct exposure to Russia, though he admitted, “we could still lose about $1 billion over time.”
Citigroup will be among the most impacted on Wall Street, however, with total exposure to Russia amounting to almost $10 billion at the end of 2021—and the bank could lose ជិតពាក់កណ្តាល of that in a worst-case scenario, it said last month.
Goldman Sachs, meanwhile, has said that it had Russian credit exposure of around $650 million by the end of 2021, but losses from divested assets should be “immaterial,” sources បានប្រាប់ Reuters last month.
Deutsche Bank has around $1.5 billion of exposure in Russia, while Credit Suisse, which previously reported credit exposure of around $1.7 billion, has more recently បានបង្ហាញ tens of billions of dollars managed for Russian clients which may be at risk.
European banks may be harder hit by having more vulnerability to declining Russian assets, but most U.S. banks have little exposure to Russian markets in the first place, having already scaled back operations substantially following Russia’s annexation of Crimea in 2014.
លេខធំ៖ ៤១ ពាន់លានដុល្លារ
That’s roughly how much international banks are owed by Russian entities, according to recent data from the Bank for International Settlements. U.S. banks are owed nearly $15 billion, while European banks have the highest exposure at $84 billion in total claims.
អត្ថបទដកស្រង់
“The war in Ukraine and the sanctions on Russia, at a minimum, will slow the global economy — and it could easily get worse,” Dimon បានព្រមាន នៅថ្ងៃច័ន្ទ។
តង់ហ្សង់៖
Other financial institutions are also getting hit. BlackRock, the world’s largest asset manager, saw its funds lose ប្រហែល ៨០ ពាន់លានដុល្លារ in the weeks shortly after Russia’s invasion of Ukraine.
អ្វីដែលត្រូវមើល:
Western companies have exited Russia en masse after the invasion of Ukraine and subsequent economic sanctions. Russian President Vladimir Putin has already គំរាមកំហែង to seize the assets of any Western companies that have suspended operations in his country—though experts ទស្សន៍ទាយ that process would be complicated, not to mention invalidated by international law.
អំណានបន្ថែម:
សង្គ្រាមរុស្ស៊ីនៅអ៊ុយក្រែនបានបង្កើតស្ថានភាពសេដ្ឋកិច្ចដែលអាចផ្ទុះឡើង ដោយព្រមានលោក Dimon របស់ JPMorgan (ទស្សនាវដ្តី Forbes)
ក្រុមហ៊ុន Wall Street កំពុងកាត់បន្ថយតម្លៃ S&P 500 គោលដៅ—នេះជាអ្វីដែលពួកគេព្យាករណ៍សម្រាប់ទីផ្សារ (ទស្សនាវដ្តី Forbes)
សូចនាករនៃការធ្លាក់ចុះសេដ្ឋកិច្ចនេះកំពុងបង្ហាញសញ្ញាព្រមានថា Fed, សង្គ្រាម និងប្រេងគំរាមកំហែងដល់ការងើបឡើងវិញនៃសេដ្ឋកិច្ច (ទស្សនាវដ្តី Forbes)
នាយកប្រតិបត្តិក្រុមហ៊ុន BlackRock លោក Larry Fink មានប្រសាសន៍ថា សង្រ្គាមរុស្ស៊ី-អ៊ុយក្រែន កំពុងបន្តមានសណ្តាប់ធ្នាប់ពិភពលោក ហើយនឹងបញ្ចប់សកលភាវូបនីយកម្ម (ទស្សនាវដ្តី Forbes)
Source: https://www.forbes.com/sites/sergeiklebnikov/2022/04/04/wall-street-banks-could-lose-billions-in-russia-heres-how-much-exposure-they-have/