Union Pay everything? Cards of the Chinese payment system Union Pay, issued by Russian banks, which fell under the new package of sanctions, may stop working abroad. At the very least, credit organizations themselves in their newsletters recommend withdrawing cash to their holders abroad. At the same time, the validity of cards in the Russian […]
Putin banned owners from unfriendly countries from selling shares of Russian banks until the end of the year The list of domestic banks to which this ban will apply must be prepared by the Government of the Russian Federation and the Central Bank of Russia within 10 days Russian President Vladimir Putin signed a decree […]
To whom is the crisis and a drop in income, and to whom – extra opportunities to earn. Russian banks, many of which have fallen under Western sanctions, seem to have decided to recoup the Russians. Here you have denials of credit holidays, and tricks with exchange rates, and increased interest on bank transfers. As […]
Broker Tinkoff Investments sent out letters to its clients stating that new tariffs for margin trading will come into effect on March 9. For some items, tariffs will almost double, a reader who is a client of the bank told Znak.com. Margin trading is when an investor trades with borrowed money or borrows securities from […]
The Basmanny District Court of Moscow has arrested Adam Arsamakov, ex-vice president of the Moscow Industrial Bank, in absentia in a case of embezzlement on an especially large scale. A criminal case has been initiated against him under part 4 of article 160 of the Criminal Code of the Russian Federation, a correspondent reports. MorningNews […]
Former vice-president of the Moscow Industrial Bank (Minbank) Adam Arsamakov was arrested in absentia. The son of Abubakar Arsamakov, the former head of one of the largest financial institutions in Russia, which is now being reorganized by the Central Bank, is accused of especially large embezzlement. Earlier, the arbitration found the Arsamakovs and 16 other […]
Otkritie’s debts of 45 billion rubles that arose during the time of Vadim Belyaev turned out to be a heavy burden for the state, Mikhail Zadornov, and Elvira Nabbulina. But the Central Bank decided in principle… Let it go peacefully? As a modern saying goes: “If you drink, then there is no difference already …”. […]
The Central Bank of Russia received from the Government of the Russian Federation the task of strengthening the control of banks over the monetary transactions of their clients. The deadline for completion is the end of November of the current year. According to Izvestia, with reference to the roadmap of the Cabinet of Ministers for […]
The emergence of a new superbank on the Russian market is very likely. To that there are all preconditions. But in what format? Both Sberbank and VTB have already tested state reliability, Tinkoff has polished the technological platform, but not all professional legal niches have been worked out. Rosbank (Societe Generale) decided to break into […]
Vladimir Yevtushenkov will include Home Credit in Sistema The structures of AFK Sistema Vladimir Yevtushenkov are negotiating the purchase of Home Credit Bank, two sources in the financial market told RBC. Another source in the banking sector and a source in Sistema’s partner company said they had heard of such plans by AFK. Sistema owns […]