Business & Finance
15 April 2022, 8:41 am. 1 minute
Reuters revealed that Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges. The potential windfall is due to the fees that bank issuers of depositary receipts can contractually charge investors when they cancel the product. The fees could potentially translate into hundreds of millions of dollars, according to Reuters calculations based on fee data provided by the sources.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Media Types: Text
Customer Impact: Important Regional Story