FILE PHOTO: The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski
March 11, 2022
By Tom Sims, John O’Donnell and Frank Siebelt
FRANKFURT (Reuters) -Deutsche Bank faced criticism on Friday for its continued ties to Russia after saying that leaving would go against its values, as other banks cut links with the country.
Germany’s largest bank has dug in its heels amid pressure to sever ties after the Russian invasion of Ukraine, arguing that it needs to support multinationals doing business in Russia.
“We are often asked why we are not withdrawing completely from Russia. The answer is that this would go against our values,” Chief Executive Christian Sewing said in a note to Deutsche Bank staff on Thursday.
Bill Browder, an investor who has spent years campaigning to expose corruption, said that Deutsche…
