Goldman Sachs has become the first Wall Street firm to suspend its operations in Russia following the country's invasion of Ukraine.
A spokesperson for JPMorgan Chase told FOX Business that it has been "actively unwinding Russian business and have not been pursuing any new business in Russia" in compliance with directives by governments around the world.
"Current activities are limited, including helping global clients address and close out pre-existing obligations; managing their Russia-related risk; acting as a custodian to our clients; and taking care of our employees," the bank added.
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