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(Bloomberg) -- Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things were a year ago: Goldman Sachs Group Inc. President John Waldron called 2022 “particularly strong.” Citigroup Inc. boss Jane Fraser said “everything was firing on all cylinders.”Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border

Wall Street banking giants made a billion-dollar fortune from funnelling rubles through former Soviet republics to currency traders. Read on.

Western banks turned to lesser-known peers in countries on good terms with Russia, such as Kazakhstan and Armenia, according to Bloomberg.

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Новости Китая и мира на русском языке.Радио передачи.Видео и фоторепортажи.Материалы журнала 'Дыхание Китая'.