Goldman Sachs winding down Russia business

Goldman Sachs Group Inc. GS, -1.16% said Thursday it plans to wind down its business in Russia “in compliance with regulatory and licensing requirements,” according to an email to MarketWatch and other news organizations. The bank said it’s supporting its clients across the globe “in managing or closing out pre-existing obligations in the market and ensuring the well-being of our people.” Shares of Goldman Sachs fell 1.5% on Thursday.