Monday, 14 March 2022

Reuters Global Investor: Citi to expand scope of Russia exit- blog

Citi to expand scope of Russia exit- blog

Citigroup Inc said on Monday it would expand its withdrawal from Russia and would not take on new clients as it cuts its exposure to the country.

How Wall Street star Cathie Wood is defying her doubters

Do you believe in Cathie Wood?

CoinShares boosts stake in Swiss FlowBank to 29.3%

Digital asset investment group CoinShares has acquired a 20.28% stake in FlowBank, increasing its holding in the Swiss online bank to 29.3%, FlowBank said on Monday.

Japan urges crypto firms to comply with sanctions against Russia

Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine.

Ukraine official plays down risks of hryvnia devaluating further

The Ukrainian president's economic adviser on Saturday played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country which began on Feb. 24.

U.S. DOJ extends monitor of Deutsche Bank for late reporting of DWS allegations

Deutsche Bank on Friday disclosed that it had agreed with the U.S. Department of Justice to extend the stay of a special monitor after it failed to report allegations involving its DWS funds unit in a timely manner.

U.S. Treasury Department stresses that Russia sanctions extend to cryptocurrency

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued new guidance on Friday clarifying that U.S. citizens and digital asset firms are required to comply with sanctions against Russia, even when facilitating transactions in cryptocurrency.

Wall St Week Ahead Investors jump into commodities while keeping eye on recession risk

Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia's invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth.

Deutsche Bank to wind down Russia business

Deutsche Bank said on Friday that it would wind down its business in Russia.

The Saver's Dilemma: Where to put your cash now?

Cash savers are between a rock and a hard place right now.

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