HSBC Economist Leaves for Russian Central Bank as Industry Wilts

  • Russian banks hit by sanctions, ruble rout, slumping oil price
  • HSBC's Morozov follows departures from BCS, VTB Capital

An economist for HSBC Holdings Plc in Moscow became the latest to join a Russian state institution as profits in the financial industry suffer from the country’s first recession since 2009.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.