U.S. banks’ Russia exposure unclear; risk of long-term impacts – analysts – Reuters

U.S. banks’ Russia exposure unclear; risk of long-term impacts – analysts – Reuters

NEW YORK, March 1 (Reuters) - U.S. banks' exposures to Russia may not be fully understood by investors due to a lack of transparency in disclosures made so far, and banks that get significant revenue from global operations could take a hit in the long run, analysts said.

The exposure so far disclosed by U.S. banks is $14.7 billion. Compared to Italian, French and Austrian banks, which combined have just over $42.5 billion in exposure to Russia, U.S. banks appear less at risk.

However, Citigroup surprised analysts on Monday, saying its total exposure to Russia amounted to nearly $10 billion, far higher than previously communicated. read more