Similar Stories to Moscow Banned 2 Major Swiss Banks From Selling Shares In Its Subsidiaries After A Russian Bank Said It Would Lose Money From The on Bing News

Moscow banned 2 major Swiss banks from disposing of shares in its subsidiaries after a Russian bank said it would lose money from the exit.Getty Images A Moscow court has banned UBS and Credit Suisse from disposing of shares in their Russian subsidiaries. The ban request had come from Moscow-based Zenit Bank. Russia witnessed an exodus of Western companies after it invaded Ukraine. It's hard to break up with Russia.A Moscow court has banned two major Swiss banks — UBS and Credit Suisse — from trying to wriggle their way out of their Russian subsidiaries, Reuters reported on Tuesday, citing court documents.

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