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Global banks face an arduous and costly process if they decide to close businesses in Russia, banking sources and experts say, complicating decisions over whether they should withdraw.Sanctions placed on Russia following its week-old invasion of Ukraine and retaliation from Moscow have raised questions over how much longer banks can continue.One banking source raised particular concerns about how banks navigate an order on rouble lending and the implications for foreign companies in Russia. Banks are also stanley cup weighing the risk to their reputations in staying there.While banks have not ye vaso stanley t announced exits, at least one global lender with operations in Russia is creating an in-house team and working with outside lawyers and consultants to determine whether and how it could exit before making public announcements, one banking source said.British energy giants BP and Shell SHEL.L last week said they would quit Russia. BP is abandoning its stake in Russian oil giant Rosneft, resulting in charges of up to $25 billion, it said.However, banks will find it harder to extricate themselves, experts say. For an oil company, walking away from refinery assets in Russia might be as simple as stanley thermos dropping the keys and leaving but a unilateral exit is not possible for a financial services firm, said Dan Awrey, a professor at Cornell Law School who specializes in financial regulation.Under normal circumstances, banks would not be able to exit a country without the consent of its regulators and centr Wjlu Caribou District Court cases Aug. 1-31, 2011
CHICAGO 鈥?If nothing else, Marilyn had legs.The crowds began posing beneath the 26-foot-tall Marilyn Monroes billowing skirt from the moment that Seward Johnsons Forever Marilyn sculpture arrived in Chicagos Pioneer Court in July, and they were doing so with just as much enthusiasm and amusement Tuesday, a mere six days before the sculpture finally moves on to t stanley cup he next city.Jenee Castellanos, the Sculpture Foundations associate curator, said the group will announce the next city that will get to gawk at Forever Marilyn in a couple of weeks. Meanwhil stanley cups uk e, Zeller Realty Group, which owns Pioneer Court, is not saying what will replace her in Pioneer Court or when that will happen. But it wouldnt be shocking if Seward Johnson strikes again. Weve really enjoyed working with Seward Johnson, said Zeller Reality Group executive as stanley official website sistant Melissa Farrell. I cant say for sure what the next work will be, the next installation, but we think his sculptures are very well suited for our plaza. Forever Marilyn, which re-creates the famous moment from the 1955 movie The Seven Year Itch in which a New York subway grate blows the sex symbols skirt up, has been one of the citys most discussed, most debated and most gawked-at works of public art. The New Jersey-based Johnsons previous installation in that space, a similarly oversized rendering of the couple from Grant Woods American Gothic called God Bless America, received plenty of attention but didnt inspire countless passersby to pose for
Global banks face an arduous and costly process if they decide to close businesses in Russia, banking sources and experts say, complicating decisions over whether they should withdraw.Sanctions placed on Russia following its week-old invasion of Ukraine and retaliation from Moscow have raised questions over how much longer banks can continue.One banking source raised particular concerns about how banks navigate an order on rouble lending and the implications for foreign companies in Russia. Banks are also stanley cup weighing the risk to their reputations in staying there.While banks have not ye vaso stanley t announced exits, at least one global lender with operations in Russia is creating an in-house team and working with outside lawyers and consultants to determine whether and how it could exit before making public announcements, one banking source said.British energy giants BP and Shell SHEL.L last week said they would quit Russia. BP is abandoning its stake in Russian oil giant Rosneft, resulting in charges of up to $25 billion, it said.However, banks will find it harder to extricate themselves, experts say. For an oil company, walking away from refinery assets in Russia might be as simple as stanley thermos dropping the keys and leaving but a unilateral exit is not possible for a financial services firm, said Dan Awrey, a professor at Cornell Law School who specializes in financial regulation.Under normal circumstances, banks would not be able to exit a country without the consent of its regulators and centr Wjlu Caribou District Court cases Aug. 1-31, 2011
CHICAGO 鈥?If nothing else, Marilyn had legs.The crowds began posing beneath the 26-foot-tall Marilyn Monroes billowing skirt from the moment that Seward Johnsons Forever Marilyn sculpture arrived in Chicagos Pioneer Court in July, and they were doing so with just as much enthusiasm and amusement Tuesday, a mere six days before the sculpture finally moves on to t stanley cup he next city.Jenee Castellanos, the Sculpture Foundations associate curator, said the group will announce the next city that will get to gawk at Forever Marilyn in a couple of weeks. Meanwhil stanley cups uk e, Zeller Realty Group, which owns Pioneer Court, is not saying what will replace her in Pioneer Court or when that will happen. But it wouldnt be shocking if Seward Johnson strikes again. Weve really enjoyed working with Seward Johnson, said Zeller Reality Group executive as stanley official website sistant Melissa Farrell. I cant say for sure what the next work will be, the next installation, but we think his sculptures are very well suited for our plaza. Forever Marilyn, which re-creates the famous moment from the 1955 movie The Seven Year Itch in which a New York subway grate blows the sex symbols skirt up, has been one of the citys most discussed, most debated and most gawked-at works of public art. The New Jersey-based Johnsons previous installation in that space, a similarly oversized rendering of the couple from Grant Woods American Gothic called God Bless America, received plenty of attention but didnt inspire countless passersby to pose for