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Continued ownership of unit has made the Austrian bank a symbol of western accommodation with Vladimir Putin’s Russia
Asset swap will hand oligarch cash in exchange for his stake in Austria’s Strabag construction firm
Operations in the country remain central to bank even as it scales back its lending
Beijing has pushed renminbi as alternative global currency to dollar
Bumper increase in past six months doubles staff costs for largest western lender still operating in country
Austrian lender has come under growing pressure from regulators over status of its business in Russia
Austrian lender in talks with Kremlin-owned bank in an attempt to reduce exposure to Russia
Bank is one of many western companies struggling to exit after Putin’s intervention
A fire sale of the bank’s shares would do investors little good
Full withdrawal would sever one of the lender’s most consistently profitable units
Western executives have limited ways to exit: sell up, wind down or pass the business to the state
Austrian bank generates a third of its profits in the country and has 4.2mn customers and 9,400 staff there
CEO says bank has €473mn of exposure to sanctioned financial institutions and other sanctioned companies
Austrian bank’s exposure to Russia means good profits and low debt levels but steep political risks
Central bank takes action as US threatens ‘massive consequences’ if Moscow invades Ukraine
Carefully managed insolvency process excludes foreign lender
Goldman and Raiffeisen mired in lawsuits with former clients
Regulator says it could take action against lender if unit not listed by mid-May
A case of the parent telling the child that it’s gotta be just like them
Austria’s economy is among Europe’s most stable. Life as a banker is not quite the same
Lender’s results will confound the bears on Russia
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