The Ukraine warfare is coming to Wall Road as a brand new earnings season will get underway and extra firms write down their Russia investments. Which ought to immediate a query for CEOs and shareholders: What about China?
The monetary losses from sanctions and broader public stress to depart Russia are mounting. JPMorgan , Goldman Sachs and Citigroup mixed have put aside $3.36 billion as reserves towards credit score losses, in response to a tally by Reuters, a lot of that associated to considerations over Russia.
