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Credit Suisse relocates staff, stops new business in Russia
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Credit Suisse is relocating staff out of Russia and not pursuing any new business in the country, as global banks pull back in the wake of its invasion of Ukraine.
The Swiss bank is also reducing its exposure to Russia and assisting its clients in unwinding their positions, it said in an internal document seen by Financial News, as it joins a growing roster of international lenders cutting ties with the country.
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