Chase Bank owned by JPMorgan who are still in Russia.

avantra

Thrugelmir said:

nonlinear said:

sebtomato said:

I haven't heard of many UK banks pulling out of Russia completely either...

randompenitent said:

HSBC are still in Russia too. https://www.hsbc.ru/en-gb

See also https://www.thisismoney.co.uk/money/markets/article-10661111/HSBC-continues-business-Russia-calls-war-conflict.html

I agree it's complicated. It may be that the least bad option is the best one! My intention was to highlight the issue rather than make moral judgements on other peoples decisions. People can make their own minds up once they have all the facts and I hadn't seen this discussed here. All investment has a moral dimension and the more information we have the better decisions we make.  
I see HSBC also have a link to a Ukraine Appeal prominently on their web site. Thanks for the heads up, I will certainly be avoiding them.

I fail to see how helping Chase achieve their long term objectives (which may involve a short term loss) is an any way penalising them. I can't control how much of the gas or fuel I use comes from Russia and thereby supports them, but I do have discretionary control over other aspects of my life and I choose to exercise that. Others may think differently and that's cool.  

Do you boycott products made in China? 

Probably not, typing the comments is probably 99.9% made on a PRC made device or chip. Putin and Xi's grip on the west's huevos is firmly on.

Wheres_My_Cashback

nonlinear said:

The Chase 1.5% savings account is attracting a lot of attention. I nearly opened an account myself, however after a quick bit of research I have decided not to.
The Yale Business School maintain a list of showing how companies have responded to Russia's invasion of Ukraine. Chase are part of JPMorgan, who Yale rate as a C, 
 "Companies that are scaling back some significant business operations but continuing some others...". I know these are complex issues, but personally that's not good enough. 
The full list is here:
https://som.yale.edu/story/2022/over-500-companies-have-withdrawn-russia-some-remain

So..............?

nonlinear

avantra said:

Thrugelmir said:

Do you boycott products made in China? 

Probably not, typing the comments is probably 99.9% made on a PRC made device or chip. Putin and Xi's grip on the west's huevos is firmly on.

I couldn't agree more, Putin and Xi have maneuvered their economies to a point we are totally dependant on them, at which point they have us over a barrel  and can do what they want. Discussing boycotting China in this context is a false equivalence anyway, a line of  argument straight from the Putin playbook.  As I said earlier, it's about discretionary spending, some areas like gas or car fuel I have no choice, in others I do. 
I've changed my mind, earlier I said this was complex but in fact it's very simple. These banks have been in Russia for years, ignoring the horrors of Grozny, Aleppo, Georgia, the Donbas. They have had every opportunity and reason to withdraw so to now claim they can't because they have commitments is disingenuous to say the least. 

thegentleway

I agree that far too little was done prior to Ukraine invasion but since this incredible misjudgement by Putin; I have been impressed with the response from the West. They have put in place far more sanctions and begun to unwind their depence on Russian gas, which is infinitely more than I expected.

I think it is complex; the UK is hardly a beacon for ethics, e.g. https://www.transparency.org.uk/uk-money-laundering-stats-russia-suspicious-wealth