Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s invasion of Ukraine and putting pressure on rivals to follow. Operating in Russia has become harder for Western financial institutions due to international sanctions against that country. While European banks are the most highly exposed to Russia, U.S. banks still have significant exposure, totaling $14.7 billion, according to Bank of International Settlements data. read more “Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements,” the bank said in an emailed statement. JPM said in a […]