Description: LONDON — Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny after the bank announced that it was pulling out of the European market.

Source: CNBC.com – video report

Date: Mar 02, 2022

Link: https://www.cnbc.com/2022/03/02/russias-sberbank-collapses-95percent-on-london-exchange-as-it-exits-europe.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

• Summarize the report’s analysis that explains the collapse.
• What do you think this event suggests to investors in bank stocks?