FCA mulls ‘side pockets’ for retail funds with Russian assets
Option could help some suspended vehicles resume trading
Russia
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Advice firm no longer accepting business from Russian citizens
As it makes charitable donation towards the re-housing of displaced Ukrainian families
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What impact could the Russian invasion of Ukraine have on pensions?
‘It is more concerning for people who are close to or in retirement’
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Deutsche Bank exits Russia market after backlash
It ‘condemns’ invasion of Ukraine ‘in the strongest possible terms’
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‘End financial relationships with Russia’ urges UK chancellor
FCA says there are ‘significant practical challenges in terms of disposing’ of assets in the country
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Goldman Sachs and JP Morgan pull out of Russia
They are the first Wall Street banks to shutter operations in the region
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TMF Group shuts down services for Russian clients
‘We are both a first line of defence for our clients and for the countries we operate in’
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Generali exits Russia
It will also give up its position on the board of a local insurer in which it has 38.5% stake
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US warns wealth managers of Russian cyberattacks
Financial regulators have echoed those concerns in notices to the public
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Russia temporarily bans foreign investors from selling assets
‘In order to give business a chance to make a considered decision’
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EU hits out at golden visas amid Ukraine-Russia conflict
‘The Kremlin has long thought it could buy its way into Europe. It’s time to close any loopholes’
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Chinese stocks could hedge against Russia/Ukraine conflict
As Pictet overweights equities to take ‘advantage of attractive valuations’