By Tyler Durden
Earlier this month, Goldman Sachs began moving some of its Moscow-based employees to Dubai, following requests by some to be relocated; but now, the bank has become the first Wall Street firm to announce it plans to close all of its operations in Russia.
Bloomberg reports that the company said Thursday in an emailed statement:
“Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements. We are focused on supporting our clients across the globe in managing or closing out pre-existing obligations in the market and ensuring the well-being of our people.”…
