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Goldman Sachs, JPMorgan wind down in Russia

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Goldman Sachs Group and JPMorgan Chase & Co. announced plans to unwind their Russian businesses.

They're the first major U.S. banks to exit the country following its invasion of Ukraine.

"In compliance with directives by governments around the world, we have been actively unwinding Russian business and have not been pursuing any new business in Russia," officials with JPMorgan said.

Read more from Reuters.

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