The banking major can no longer guarantee full access to stocks in the sanctioned country that belong to its clientele Germany’s Deutsche Bank has disclosed that it can no longer guarantee full access to clients’ investments in Russian stocks, according to a note sent by the lender to its clientele and viewed by Reuters. In its circular dated June 9, the banking giant identified a shortfall in the shares backing its depositary receipts (DRs) allocated before the launch of Moscow’s military operation in Ukraine, which have been held in Russia by a different depositary bank. According to the German lender, the short
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