European Bank Shares Halt Slide, Russia’s Sberbank Exits Europe

European Bank Shares Halt Slide, Russia’s Sberbank Exits Europe
The logo of Raiffeisen Bank on top of a building is seen behind a statue of Soviet state founder Vladimir Leninin in Moscow, on June 14, 2016. Maxim Shemetov/Reuters
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FRANKFURT/LONDON—European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank to close.

Russia has shown no intention of stopping its Ukraine attack, which has triggered heavy sanctions against Moscow and led to an exodus of big companies from the Russian market.