Deutsche Bank announced in September that it would close most of its operations in Russia as part of a bigger drive to reduce complexity, costs and risk. Photo: Bloomberg

Financial Stability Board chronicles the demise of correspondent banking

The Financial Stability Board says half of the 91 regulators that took part in a World Bank survey have seen a decline over the past three years

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Deutsche Bank announced in September that it would close most of its operations in Russia as part of a bigger drive to reduce complexity, costs and risk. Photo: Bloomberg
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