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
Questions for discussion:
- Summarize the report’s analysis that explains the collapse.
- What do you think this event suggests to investors in bank stocks?