JPMorgan and Goldman Lead Wall Street’s Retreat From Russia

(Bloomberg) — JPMorgan Chase & Co. joined Goldman Sachs Group Inc. in pulling back from Russia in response to the country’s invasion of Ukraine last month.

JPMorgan, the biggest U.S. bank, is currently engaging in limited activities in the country, the New York-based company said in a statement Thursday. Goldman Sachs said it plans to close its operations there.