U.S. banks’ exposures to Russia may not be fully understood by investors due to a lack of transparency in disclosures made so far, and banks that get significant revenue from global operations could take a hit in the long run, analysts said.
The new number took into account cash held at the Bank of Russia and other financial institutions, reverse repos and additional exposures to Russian counterparties. In a research note published on Tuesday, JPMorgan analyst Kian Abouhossein said that, in general, “transparency on exposure by banks to Russia is low.”
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