JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report

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JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report

12/05/2024 4:08am

The Daily Hodl

JPMorgan Chase is preparing for the prospect that its assets in Russia will officially be seized, according to a new report. In a new filing, the bank says lawsuits in Russian and US courts may trigger an incoming seizure of the firm’s assets in the country, reports Reuters. Two weeks ago, a Russian court sided […]

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The post JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report appeared first on The Daily Hodl.