Banking

Swiss adopt new EU sanctions on Russia

The Swiss government on Friday widened sanctions against Russia in step with further measures imposed by the European Union, tightening exports and financial services to the country over the biggest attack on a European state since World War Two.

S&P cuts Russia's rating to junk, Moody's issues junk warning

Russia's invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia's rating to 'junk' status, Moody's putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine on default worries.

US banks are prepared for Russia sanctions, but concerns grow about potential hacks

U.S. financial institutions are largely prepared to handle a new round of Russia-related sanctions in the wake of the invasion of Ukraine, given the steady ratcheting up of pressure against Russia over the past eight years and recent warnings of such measures from the Biden administration, according to experts with knowledge of the U.S. banking sector.