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
Watch: The US wants some banks to keep doing business with Russia.Source: Bloomberg
Lock
This article is for subscribers only.

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.