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Tags: bny mellon pauses russia business | 100 million hit

BNY Mellon Expects $100M Hit to Q1 Revenue From Pausing Russia Business

BNY Mellon
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Thursday, 17 March 2022 04:41 PM EDT

Bank of New York Mellon Corp. said on Thursday it has paused new banking business in Russia, and would take a $100-million hit to revenue in the first quarter due to sanctions imposed on the country after its invasion of Ukraine.

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Bank of New York Mellon Corp. said on Thursday it has paused new banking business in Russia, and would take a $100-million hit to revenue in the first quarter due to sanctions imposed on the country after its invasion of Ukraine.
bny mellon pauses russia business, 100 million hit
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2022-41-17
Thursday, 17 March 2022 04:41 PM
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