Banks betting on Russia face a new test of their appetite

Marion Steward

Western banks are accustomed to political turbulence in Russia. Société Générale, which first set up in the country 150 years ago, was forced to take a 56-year hiatus after the Bolshevik Revolution in 1917. Since its return, the French lender has navigated the end of communism, Russia’s 1998 sovereign default […]