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Factbox-U.S. banks in Russia by the numbers -Breaking


© Reuters. A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar

NEW YORK, (Reuters) – Major U.S. banks announced plans to close down Russian operations following the invasion of Ukraine.

This Thursday Goldman Sachs Group Inc (NYSE:) and JPMorgan Chase & Co (NYSE:) said they were unwinding their Russian businesses.

On Wednesday, Citigroup Inc (NYSE) stated that it is operating the Russian consumer business more sparingly, while continuing to implement its original plans for divesting the franchise.

Bank of International Settlements Data shows that the U.S. has $14.7 trillion of bank exposure.

This article is about U.S. investment banking operations in Russia.

To see a better explanation about Russia’s exposure to global banks, click here

These are some facts and figures about U.S. Banks in Russia.


Moscow is home to approximately 160 employees of JPMorgan.

According to data from Refinitiv, JPMorgan had the 2nd-highest Russian investment fees of $32.8 million in 2021.

According to the latest filings by the bank, Russia was not included in the top 20 most-exposed countries.


According to three people familiar with the matter, Goldman Sachs employs around 80 workers in Moscow. Half of those employees have or will move to Dubai.

Goldman Sachs earned $19.5 million in 2021 and was the seventh largest provider of investment fees.

Goldman Sachs reported $293million in Russia Net Exposure and a total market exposure of $414million as of December 2021.


Citibank has yet to disclose the Russian staff numbers. In Russia, it has its own retail bank.

Citi stated last week that its Russian exposure was close to $10 billion. It is working to reduce it.

This includes third-party exposures of $8.2billion, which include $1.0bn in cash at Bank of Russia, other financial institutions, and $1.8bn of reverse repos. Citi has exposures of $1.6 billion to other Russian counterparties, besides its Russian subsidiary.

With $22.8 million, Citigroup was the fifth-largest investor fee in 2021.


Morgan Stanley (NYSE: ) Has not revealed Russia exposure numbers or personnel numbers.

Morgan Stanley generated $27.3 Million in fourth-largest investment fees.

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