Tag: foreign banking transactions
DZ Bank is once again processing payment transactions in Russia
Frankfurt The cooperative DZ Bank has resumed payment transactions with Russian banks after a break of several weeks – with extra control of all transactions. That’s what Thomas Ullrich, the…
Deals by Assad’s clan trigger raids on Deutsche Bank
Deutsche Bank in Frankfurt am Main The money house had problems with money laundering before. (Photo: dpa) Frankfurt The public prosecutor’s office in Frankfurt, the Federal Criminal Police Office and…
Stock falls back – new raid by the authorities
Frankfurt Unpleasant visit for Deutsche Bank: On Friday, the public prosecutor’s office in Frankfurt, the Federal Criminal Police Office and the financial supervisory authority Bafin searched the premises of the…
Searches at Deutsche Bank
Frankfurt Unpleasant visit for Deutsche Bank: On Friday, the public prosecutor’s office in Frankfurt, the Federal Criminal Police Office and the financial supervisory authority Bafin searched the premises of the…
Bankruptcy of the Netherlands subsidiary of the Russian Alfa Bank hits German savers
Alfa Bank founder Mikhail Fridman Its connection to Russian oligarch Mikhail Fridman and Alfa-Bank, which he founded, put Fibr Bank, formerly called ATB, on Western sanctions lists. (Photo: REUTERS) Frankfurt…
Bafin uses special representatives at VTB Europe
The VTB Bank logo The European subsidiary of the second largest Russian bank was on the brink at the beginning of the Ukraine war, but has since stabilized. (Photo: Reuters)…
Russian bank VTB loses control of European subsidiary
The logo of the Russian VTB Bank The EU’s new package of sanctions also affects Russia’s second-largest bank. (Photo: Reuters) Frankfurt The German financial regulator Bafin has prohibited the major…
Four out of five board members resign
Frankfurt In the office building at Rüsterstraße 7-9 in Frankfurt’s Westend district, nothing is as it used to be. The lettering of the company based there is covered with metal…
Russian bank VTB is putting its European branch up for sale
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt What’s next…
Berenberg sends Frankfurt bankers to London
High-rise buildings in London Since Brexit, many banks have moved from the city to Frankfurt. (Photo: Bloomberg) While numerous banks had recently relocated jobs from London to Frankfurt in response…
HSBC adopts Russian language rules – and probably changes publications
HSBC in London Despite the war in Ukraine, the major British bank is currently continuing to do business with Russia. (Photo: AFP) Frankfurt HSBC apparently wants to avoid trouble with…
DZ Bank: Former German banker becomes the new head of the capital market
Souad Benkredda The 45-year-old will be the new head of capital markets at DZ Bank. It starts on September 1st at the central institute of the cooperative banks. (Photo: DZ…
Souad Benkredda will be the new head of capital markets at DZ Bank
Souad Benkredda The 45-year-old will be the new head of capital markets at DZ Bank. It starts on September 1st at the central institute of the cooperative banks. (Photo: DZ…
Frustration among customers of the VTB Bank subsidiary
VTB Bank in Frankfurt VTB Direct Bank is a branch of VTB Bank Europe. (Photo: Jan Huebner) Frankfurt “How do I get my money?” Many VTB direct bank customers are…
Like Deutsche Bank, Commerzbank is reducing its business in Russia
Deutsche Bank Relatively low exposure to Russia. (Photo: dpa) Frankfurt Like its big German competition, Commerzbank is now reducing its new business in Russia. “We have stopped new business in…
Germany subsidiary of VTB Bank switches off customer telephones due to “large number of inquiries”.
Frankfurt Due to the war in Ukraine and the sanctions against Russia, the VTB direct bank has been overwhelmed with inquiries and has therefore temporarily switched off the customer hotline.…
Unionpay as a way out for Russia’s banks?
Unionpay With a transaction volume equivalent to around 150 billion US dollars, Unionpay was the second largest payment network in 2020. (Photo: Reuters) Beijing After the withdrawal of Mastercard and…
German financial institutions stop making payments to VTB Bank Europe
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt According to…
According to VTB Bank Europe, it is not affected
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt One day…
According to VTB Bank Europe, it is not affected
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt One day…