This would make Goldman Sachs one of the few Western banks to fully exit Russia after its invasion of Ukraine.

Goldman Sachs has downgraded Cytek Biosciences (NASDAQ:CTKB) to sell from buy, citing increased competition and end market challenges. The investment bank said it believes consensus expectations for a 2025 recovery are "too steep,

President Vladimir Putin has authorised Armenian investment fund Balchug Capital's purchase of Goldman Sachs' unit in Russia, a government decree published on Friday showed, potentially paving the way for the U.

Goldman Sachs has entered into a binding agreement to offload its Russian subsidiary, making it one of the few Western banks to exit the country entirely, Bloomberg reported.