$372,000,000 Frozen at JPMorgan Chase and BNY Mellon As Russian Court Orders Asset Lockdown: Report

A Russian court just froze $372 million owned by banking giants JPMorgan Chase and BNY Mellon – cash that the banks were holding in their Russian branches. The move came from the Moscow Region Arbitration Court, reports Reuters, and follows the Ukrainian central bank’s decision to revoke the license of MR Bank, a subsidiary of […] source: https://dailyhodl.com/2024/10/06/372000000-frozen-at-jpmorgan-chase-and-bny-mellon-as-russian-court-orders-asset-lockdown-report/