Support The Moscow Times!

10 Banks Slated for Sell-Offs

The government said Thursday that it selected Goldman Sachs, Merrill Lynch and eight more advisers for a planned $59 billion of asset sales in the next five years.

Morgan Stanley, Credit Suisse, JPMorgan Chase and Deutsche Bank are also on the list, along with Renaissance Capital, VTB Capital, Vneshekonombank and Russian Auction House, the government said. UBS, Citigroup and Barclays Capital are among the foreign banks that lost out, along with local brokerage Troika Dialog.

“For those banks on the list, it can be a golden egg,” said Peter Westin, chief strategist at Aton Capital.


Read more