Russia’s Sberbank pulls out of Europe after facing failure amid sanctions - The Guardian

Bank’s European subsidiaries faced ‘abnormal cash outflows’, so it could no longer supply them with liquidity

Sberbank, Russias biggest lender, is pulling out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches. T… [+1951 chars]

full article...