US Quietly Asks Banks to Keep Some Ties With Russia, Even as Congress Balks
- Treasury, State prod JPMorgan, Citi to bank some Russian firms
- Congress lambasted banks for continuing to do work in country
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JPMorgan Chase & Co. CEO Jamie Dimon was in the hot seat.
Deep into a seven-hour congressional hearing on Sept. 21, Representative Brad Sherman, a Democrat from California, pressed Dimon on whether his bank would sever ties with Russian companies including energy giant Gazprom PJSC.