...Co. continues to see healthy underlying momentum across most of its businesses. 1. 2. Revenue, $3.9b. Roughly flat YoverY. a. b. Up 2%, excluding impact of government sanctions and additional actions taken related to Russia. 3. Co. is in an increasingly uncertain environment including; war in Ukraine, volatile markets, and persistently higher inflation, which will require more meaningful monetary policy adjustments. In times like these, strong lower risk balance sheet and resiliency of business model differentiates BK. a. b. In the face of tragic events occurring in Ukraine, Co.: Ceased new banking business in Russia. i. ii. Suspended Investment Management purchases of Russian securities. c. Since beginning of the war, Co.: i. Stepped up its humanitarian efforts and support for its employees and members of its community who have been impacted. ii. Continues working for its multinational clients that depend on BK's custody and record-keeping services to manage their exposures. 4. Expenses,...
