European subsidiary of Russia’s Sberbank ‘failing or likely to fail’: ECB - NEWS.com.au

<p>The European subsidiary of Russia's state-owned Sberbank is facing bankruptcy, the European Central Bank said on Monday, in the wake of sanctions aimed at punishing Moscow for its invasion of Ukraine.</p>

Sberbank Europe AG has 'experienced significant deposit outflows as a result of the reputational impact of geopolitical tensions, the ECB saysThe European subsidiary of Russia's state-owned Sberbank … [+1891 chars]

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