03.02.2022

Sberbank Leaves Europe

03.02.2022
Sberbank Leaves Europe

In light of the current situation Sberbank has taken the decision to withdraw from the European market.

The group’s subsidiary banks have faced an exceptional outflow of funds and a number of safety concerns regarding its employees and offices.
Furthermore, due to a directive from the Central Bank of Russia, Sberbank of Russia cannot provide liquidity to its European subsidiary banks.
At the same time, Sberbank’s subsidiary banks remain highly capitalized with high-quality assets and customer deposits remain insured in accordance with local legislation. The bank has enough assets to execute payments to all of its depositors.

Source: Sberbank

It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/

4

Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.

Load More

Related articles

  1. The bank said the suit has no merit.

  2. The Gulf Cooperation Council is one of the fastest-growing markets globally.

  3. The bank's Doha office will become a strategic hub and the largest regional office for asset management.

  4. JP Morgan executives discuss how a once-staid business has transformed into a 'totally different market space'...

  5. The two firms aim to deliver investment solutions across retail, private banking & institutions.