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JPMorgan, Bank of America advance pay to Russia staff as more firms pull out
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Wall Street banks are handing employees in Russia salary advances, part of efforts to reassure anxious staff as more firms pull back from the country in the wake of its invasion of Ukraine.
At least two Wall Street firms including JPMorgan and Bank of America have advanced staff in Russia four months’ worth of pay, according to people familiar with the matter, as employees working for international banks in the country face an uncertain future.
Three...
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