Trade Capital Bank, the Belarussian bank controlled by Iran's third-largest lender, said it would not stop operating after the United States designated it as providing financial services to the Export Development Bank of Iran amid sanctions...

... was signaled Monday as Moscow's largest brokerage and state-owned giant Sberbank announced the completion of their merger. Ten months after inking the $1 billion deal both sides said Troika Dialog will become part of Sberbank's corporate investment-banking, or CIB, arm under the overall direction of the company's corporate business director, Andrei Donskikh. The acquisition of Troika Dialog by Sberbank has given the country's biggest lender a leg-up in its push to carve out a presence in the investment-banking...

Svyaznoi Group plans to sell as much as a 30 percent stake by April to raise funds for the development of the related banking unit. Svyaznoi Group plans to sell as much as a 30 percent stake by April to raise funds for the development of the related banking unit. Svyaznoi shareholders expect to raise about $300 million, chief executive Dennis Ludkovsky said late last...

While recruitment firms say an increasing number of vacancies is creating a demand bubble on the job market, there is one field with more than enough candidates for positions being offered: banking. While recruitment firms say an increasing number of vacancies is creating a demand bubble on the job market, there is one field with more than enough candidates for positions being offered: banking. Many Western banks have been downsizing or...

A World Bank survey has warned of the fragility and heightened risks facing the global economy in 2012, and highlighted the vulnerability of emerging markets, including Russia. A World Bank survey has warned of the fragility...

Russian companies are becoming more reliant on domestic state banks for funding as foreign investors shun risky assets, Fitch Ratings said. "This has led to greater dependency on the major state-owned banks, which are providing corporate Russia with loans," the ratings company said in a report released...

The Central Bank is spending about $200 million a day buying foreign currency to slow the ruble's best start in at least 19 years, according to estimates by Citigroup, as a stronger currency helps spur record demand for the...

Russia must take measures to increase the size of the working population, including raising the retirement age, World Bank Vice President for Europe and Central Asia Region Philippe Le Houerou said on Wednesday. Russia must take measures to increase the size of the working population, including raising the retirement age, World Bank Vice President for Europe and Central...

... hangs in the balance and will depend on the outcome of the March 4 presidential election. Russia's economic fate hangs in the balance and will depend on the outcome of the March 4 presidential election, Danish investment group Saxo Bank said Tuesday. While the political dust is still hanging and the return of Prime Minister Vladimir Putin to the country's top job is not confirmed, investors are likely to stay on the sidelines, said the online brokerage's chief economist, Steen Jakobsen...

... Interfax reported. He said the remnants of measures taken to boost liquidity during the most difficult phase of the 2008 crisis are "insufficient to secure an adequately securitized long-term system of liquidity." Since the New Year, the Central Bank has reduced the amount of liquidity it makes available at daily repo auctions and pushed bidders to look to repo auctions providing finances over one-week and three-month periods. Kostin said in an interview with The Wall Street Journal published...

Citibank has opened a new branch offering Russian-language services in Brooklyn's Brighton Beach district, known for its large population of Russian-speaking immigrants, RIA-Novosti reported Wednesday, citing a statement from the bank. The new bilingual branch will provide convenient banking services to the 360,000 residents of Brighton Beach. Russian-language information has gradually become more prevalent in New York, and is now found on transport advertising and subway fare...

The retail network of banks sold by Barclays to a group of investors including Igor Kim in October will have its former name of Expobank restored, Kommersant reported Monday. Barclays bought the Expobank chain in 2008 as the ambitious first step of a Russian expansion program...

VTB bank is ready to use part of its earnings to buy back shares from small investors who lost money during VTB's 2007 stock listing. VTB bank is ready to use part of its earnings to buy back shares from small investors who lost money...

An activist known as Doctor Liza says three bank accounts for her charity have been blocked by tax authorities, an action she suspects is linked to her role in the fair elections-promoting League of Voters. An activist known as Doctor Liza says three bank accounts...

... January, up 9.4 percent on the same period last year due to strong net interest income, the lender said Tuesday. Sberbank, with more than $330 billion in assets, increased its net interest income by almost 28 percent year on year in January, which the bank said was partly due to an "increased volume of working assets." But despite the strong bottom line, Sberbank failed to match the three-year-high lending volumes seen in December, when it provided about 850 billion rubles to corporate borrowers...

State-controlled bank VTB has been at the heart of the state's expanding presence in the domestic financial market, but industry insiders and ex-employees are critical of the bank. LONDON — If you stand outside the colonnaded entrance to the Bank of England,...

The Central Bank held back from cutting interest rates Friday and again stressed its commitment to fighting inflation that is at a record low, ahead of presidential elections in March. The Central Bank held back from cutting interest...

Assets belonging to two former top managers of Bank of Moscow who fled abroad in April after a takeover by state-owned VTB have been frozen. Assets belonging to two former top managers of Bank of Moscow who fled abroad in April after a takeover by state-owned VTB have been frozen...

State-controlled bank VTB will buy back its stock from retail investors at the 2007 issue price of 13.6 kopeks per share over the next two months in a move aimed at preserving the reputation of the country's second-largest lender...

The Central Bank is unlikely to cut interest rates in the near term and will find it difficult to meet its 5 percent to 6 percent inflation target in the second half of this year. DAVOS, Switzerland — The Central Bank is...