Goldman Sachs Will Close Operations in Russia

Goldman Sachs is the first major Wall Street bank to exit Russia, with only 80 employees there. This move is easier for Goldman compared to Citigroup, which has 3,000 employees in Russia. JP Morgan has not disclosed its Russian exposure. Citigroup faces challenges selling its consumer business due to potential buyers being sanctioned entities. Large Russian companies are struggling with debt repayments, increasing default risks.

What is the scale of Goldman Sachs' operations in Russia?

• 3000 employees and $100 million in business

• 100 employees and $30 million in business

• 80 employees and $20 million in business

• 500 employees and $50 million in business

How does Citigroup's presence in Russia compare to Goldman Sachs?

• Citigroup has a similar number of employees as Goldman Sachs

• Citigroup has no employees in Russia

• Citigroup has fewer employees than Goldman Sachs

• Citigroup has significantly more employees than Goldman Sachs

What is a major challenge for Citigroup in exiting Russia?

• Increasing its employee base

• Reducing its credit exposure

• Finding a buyer for its consumer business

• Expanding its investment banking operations

Which major bank has not disclosed its positions in Russia?

• Goldman Sachs

• Citigroup

• JP Morgan

• Bank of America

What risk is increasing for Russian companies relying on big investment banks?

• Risk of profit

• Risk of employment

• Risk of expansion

• Risk of default