Deutsche Bank to Wind Down Russia Business

Deutsche Bank to Wind Down Russia Business
The logo of Deutsche Bank on their headquarters in Frankfurt, Germany, on Feb. 4, 2021. Armando Babani/AFP via Getty Images
Reuters
Updated:

FRANKFURT—Deutsche Bank said on Friday that it would wind down its business in Russia.

Deutsche had faced criticism from some investors and politicians on Friday for its ongoing ties to Russia after saying that leaving would go against its values, as other banks cut off ties.