Articles with tag "Banks"

Wall Street exit

Morgan Stanley to Shut Down Its Russian Banking Business

Sanctions have made Russian access to international capital markets difficult.
Loophole

Russia's Top Banks Plot Temporary Sanctions Workaround

"Each important bank has a step-by-step plan," one senior financial official said.
Russia Reacts

Russian Officials, State Media Meet Explosive 'Troika Laundromat' Report With a Shrug

The report sent bank shares tumbling but was largely ignored by Russian officials and state media.
Dodgy accounting

Danske Quits Baltics and Russia as Laundering Case Deepens

Danske said it will close down its activities in Estonia, Latvia, Lithuania and Russia.
Banks

Russians Took Out 46% More Personal Loans in 2018 — $130 Bln

Russians are reportedly becoming increasingly reliant on credit to keep their shopping baskets full.
Banks

Head of Major Russian Bank Greets Investors in Star Wars Jedi Costume

Kostin, the sanctioned head of VTB, was seen wearing an Obi Wan Kenobi costume at Russia’s largest financial conference this week.
Banks

Russian Bank Reports Assigning $12Bln Loan to Poor African State by Mistake

The reported loan was more than six times the country's annual economic output.
Banks

Russian Mining Giants Experiment With Payments in Rubles

Two of Russia's biggest mining companies said on Wednesday they were investigating ruble-based payments schemes.
Banks

Russia Objects to U.S. Proposal to Blacklist Russian Bank at UN

Russian diplomats argued that the proposal is not "adequately substantiated by sufficient information."
Banks

Bank Ad Jinxes the Russia Team

The Mir payment system reportedly jumped the gun to congratulate Russia for winning against Croatia.
Banks

Raiffeisen, Sberbank Accused of Misusing World Cup Symbols

Both financial institutions were censured for their use of the World Cup for promotion – one by FIFA, another by Russia’s anti-monopoly watchdog.
Banks

Shell Companies Hit All-Time Low in Russia

Enhanced monitoring and tighter incorporation rules have helped Russia reach an all-time low in the share of registered shell companies.
Banks

Leaks Allege Putin Ally, Russian Offshore Holders Under Investigation

The new disclosures allege that cellist Sergei Roldugin’s offshore companies made millions of dollars through a series of suspicious transactions.
Banks

Russia Sets Record for Millionaires, Report Finds

Despite a lackluster economic growth rate, Russia has set a new worldwide record for growth in the number of dollar millionaires.
Banks

Banker at Center of Historic Bailout Dies in Prison

The jailed co-founder of Mosoblbank has reportedly died in what his attorney said is a non-violent death in a Russian penal colony.
Banks

Moscow Stock Exchange Wins From Sanctions Fears

Fear of new sanctions is pushing Russian companies to quit the stock exchanges in London and New York in favor of the Moscow Exchange.
Banks

Half of Unemployed Russians Below 34 Years

One out of every two unemployed Russians is between the ages of 20 and 34, Russia’s senior cabinet official for welfare said in a statement.
Banks

Exiled Russian Oligarch Accused of Corruption Pays $200,000 To Get U.S. Visa

Borodin is accused of embezzling $1.6 billion.
Banks

This Russian Doomsayer Doesn’t Believe in Banks, But He Runs One

“If you tell me that you need to build a bank, then don’t come to me or our team.”
Oil

Putinomics Loses Its Power as Stagnation Starts Reign in Russia

The economy of the world’s biggest energy exporter is stalling without enough investment
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