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JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading

  • Banks are arranging Russian debt trades on behalf of clients
  • Lawyers say latest OFAC guidance cleared up market confusion
Updated on

A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable.

JPMorgan Chase & Co. and Bank of America Corp. are among several banks that have offered to facilitate transactions in corporate and sovereign debt on behalf of clients, according to people familiar with the matter who asked not to be identified.