Big banks are showing they love two things: Communist cash and discriminating against Constitutionally-protected industries.
Multinational corporate banks including JP Morgan Chase and Citigroup told the Biden administration to back off sanctioning Russia, according to a Bloomberg report. The crippling measure would have booted Russia from the SWIFT financial messaging system, a global payments system used by 11,000 financial institutions in over 200 countries.
The White House announced that certain Russian banks would be expelled from SWIFT, but spared energy export transactions.
Powered by WPeMatico