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JPMorgan, Goldman Pushed to Name Clients Trading Russia Debt (1)

by Staff
May 10, 2022
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May 10, 2022, 4:13 PM

  • CEOs are sent letters from Elizabeth Warren, Katie Porter
  • Info sought on whether ‘dealings could benefit Putin’s regime’

JPMorgan Chase & Co. and Goldman Sachs Group Inc. are being pressed to hand over extensive information on clients trading Russian debt, as US Senator Elizabeth Warren and Representative Katie Porter expand efforts to pry into whether Wall Street is profiting on the invasion of Ukraine.

The Democrats sent JPMorgan Chief Executive Officer Jamie Dimon and Goldman CEO David Solomon letters Tuesday demanding lists of clients betting on Russian government and corporate debt since the war broke out in February, as well as the types and sizes of wagers and any gains. The lawmakers also want information on the banks …

Hannah Levitt

Hannah Levitt

Bloomberg News

© 2022 The Bureau of National Affairs, Inc.

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