Fwd: Depositary receipt holders of Russia's Sberbank, VTB face conversion headache

---------- Forwarded message --------- From: Reuters Global Investor Date: Thu, Jun 9, 2022 at 10:03 AM Subject: Depositary receipt holders of Russia's Sberbank, VTB face conversion headache To: [image: Reuters Logo] https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... https://newslink.reuters.com/click/27997742.68559/aHR0cDovL3JldXRlcnMuY29tP3... Visit Reuters.com https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9yZXV0ZXJzLmNvbT... for the latest news Global Investor https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cudHdpdHRlci... Tweet https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cudHdpdHRlci... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cuZmFjZWJvb2... Share https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cuZmFjZWJvb2... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Depositary receipt holders of Russia's Sberbank, VTB face conversion headache https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Investors holding depositary receipts in Russia's sanctioned top banks are facing difficulties in converting them into shares after the European Union targeted Russia's national clearing house with sanctions, sources and analysts told Reuters. Credit Suisse CEO calls questions over State Street takeover talk 'really stupid' https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street "really stupid", shutting down questions after a media report on the matter sent shares briefly higher the day before. Deutsche Bank's DWS and allegations of 'greenwashing' https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Asoka Woehrmann, the chief executive of Deutsche Bank's funds arm DWS, will hand over the reins on Thursday after resigning in the wake of allegations that the company, which manages 928 billion euros ($994 billion) in assets, misled investors about its "green" investments. Russia's Sberbank suspends settlements in yuan for corporate clients https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Russian lender Sberbank suspended settlements in yuan for corporate clients from June 7, the bank said on Wednesday. UniCredit executive says chances to cut Russia exposure 'limited' https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... UniCredit has "limited" opportunities to reduce its exposure to Russia, the Italian bank's finance chief said on Wednesday, ruling out providing further support for the Russian subsidiary while emphasising it was not a financial drain on the group. https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... Polish banks team up to create protection scheme https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... The biggest commercial banks in Poland have teamed up to create a protection scheme to help ensure their liquidity and solvency, the banks said on Tuesday. Credit Suisse appoints Huang as head of APAC asset management https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Credit Suisse has appointed Min Huang to lead its asset management business in the Asia Pacific, an internal memo reviewed by Reuters showed on Tuesday. Julius Baer hires Doha Bank's head of private banking to lead Qatar expansion https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Swiss wealth manager Julius Baer has hired the former head of private banking at Doha Bank, Slim Bouker, to lead an expansion in Doha, where it plans to open an advisory office at the Qatar Financial Centre, it said on Tuesday. Deutsche Bank launches Berlin tech hub, draws staff from Russia operations https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Deutsche Bank said on Tuesday that Berlin was now one of a handful of technology centres the lender runs around the world and sources said many staff who worked at the bank's offices in Russia had moved to the new German operation. Deutsche Bank brings several hundred Russian IT experts to Germany - Handelsblatt https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing sources close to the matter. Related Videos https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Wall St. ends higher as Powell assuages rate worries https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Russian invasion 'pretty much locks in' gradual move by Fed -portfolio manager https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... Markets 'are beginning to accept this negative news event' -portfolio manager https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly93d3cucmV1dGVycy... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbGkucmV1dGVyc2... *Sponsors are not involved in the creation of these or any other Reuters news articles.* Get Reuters News App https://newslink.reuters.com/click/27997742.68559/aHR0cHM6Ly9zbWFydC5saW5rLz... To manage which newsletters you’re subscribed to, click *here* https://newslink.reuters.com/oc/61f3d570e7293773881c9642go372.1gwf/f41ae83f . Want to stop receiving this email? 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