July 6, 2022

News of the Trade

Latest trading, investing, and financial news

Reuters breaks news that Austria’s Raiffeisen Bank examines leaving Russia; market reacts – Reuters News Agency

Business & Finance

Reuters broke news that Austria’s Raiffeisen Bank International is looking into leaving Russia, a move that would make it the first European bank to do so since the country’s invasion of Ukraine. Such a decision is not imminent, but could be triggered if the bank’s businesses in those countries need further cash or capital.

Market Impact

The bank’s shares rebounded after earlier sharp falls on the report.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: Russia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story