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Articles with tag "Banks"

SANCTIONS PROOFING

Russia Says BRICS Nations Favor Idea of Common Payment System

Russia, China, India, Brazil and South Africa to set up a new international bank-to-bank payments system.
BANKING CLEANUP

Russian Banks More Stable and Transparent Than Ever, Central Bank Chief Says

Six years and $80 billion into a mammoth clean-up drive, Elvira Nabiullina hails the strength of Russia’s financial sector.
TRADING TINKOFF

Russia’s Tinkoff Lists on Moscow Exchange

The online bank is on a mission to woo new customers and grab a larger share of the retail sector.
Banking Cuts

Citi Russia Global Markets CEO Leaves as Wall Street Retreat Continues

The Russia general director for global markets has left in the latest investment retreat for a U.S. bank.
RUBLE RECOVERY

Share of Ruble in Banks’ Assets Climbs to Post-Crisis High

Sanctions and the increased attractiveness of the ruble help Russian banks diversify their balance sheets.
SANCTIONS PROOFING

Eight Foreign Banks Join Russian Transfer System

Payments system launched in response to sanctions opens up to foreign users.
Play money

Russian ATMs Accept Fake Bills, Reports Say

The manufacturing error has reportedly led to tens of thousands of dollars in theft from the country's major banks.
debt trap

Relentless Rise of Consumer Debt in Russia Fuels Bubble Fears For Some

After five years of shrinking real incomes many Russians are borrowing to make ends meet.
call it quits

Danske Bank to Exit Russia Amid Money Laundering Scandal

The bank plans to leave by January 2020 amid claims that it was involved in a $230 billion money laundering scandal.
High-level connections

American Banker and Putin Ally Dealt in Access and Assets, Emails Reveal

The emails show the role of Western bankers in the days of Moscow's 2007 economic boom.
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.
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