RBI Hits Back at Grizzly Research Short Report
Austria's Raiffeisen Bank International dismissed short seller Grizzly Research claims as misleading. The bank defended its compliance systems after shares fell following the report.
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Raiffeisen Bank International shares fell 9% on Thursday morning after short seller Grizzly Research disclosed a short position and alleged ties to sanctions circumvention. The Austrian lender rejected the claims, calling the report factually wrong and misleading. The attack targets RBI's exposure in Russia, raising fresh concerns over its international compliance.
