Tag: foreign banking transactions
European subsidiary of Russia’s Sberbank has to shut down operations
Head office of Sberbank in Vienna A reorganization or liquidation of the bank according to the European Bank Reorganization and Resolution Directive is not in the public interest, it said.…
European subsidiary of Russia’s Sberbank has to shut down operations
Head office of Sberbank in Vienna A reorganization or liquidation of the bank according to the European Bank Reorganization and Resolution Directive is not in the public interest, it said.…
European subsidiary of Russia’s Sberbank has to shut down operations
Head office of Sberbank in Vienna A reorganization or liquidation of the bank according to the European Bank Reorganization and Resolution Directive is not in the public interest, it said.…
European subsidiary of VTB Bank stops opening new accounts
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 The second…
EU subsidiaries of Russia’s Sberbank go bankrupt
Sberbank The EU subsidiary of the state-run bank is insolvent. (Photo: Reuters) Frankfurt The EU subsidiaries of the largest Russian money house Sberbank are on the verge of collapse. According…
EU subsidiaries of Russia’s Sberbank go bankrupt
Sberbank The EU subsidiary of the state-run bank is insolvent. (Photo: Reuters) Vienna The EU’s tougher financial sanctions against Russia are claiming a first victim. According to the European Central…
EU subsidiaries of Russia’s Sberbank go bankrupt
Sberbank The EU subsidiary of the state-run bank is insolvent. (Photo: Reuters) Vienna The EU’s tougher financial sanctions against Russia are claiming a first victim. According to the European Central…
EU subsidiaries of Russia’s Sberbank go bankrupt
Sberbank The EU subsidiary of the state-run bank is insolvent. (Photo: Reuters) Vienna According to the European Central Bank, Sberbank Europe AG, a wholly owned subsidiary of Sberbank Russia, and…
ECB tightens control of Russian bank subsidiaries in the EU
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
ECJ gives green light for EU rule of law mechanism
ECJ in Luxembourg The European Court of Justice has declared a new regulation to punish violations of the rule of law in the EU to be legal. (Photo: dpa) Luxembourg…
Ukraine conflict puts financial stocks under pressure
Raiffeisen Bank in Moscow The institute’s involvement in Russia totals 22.85 billion euros. The credit volume amounts to more than eleven billion euros. (Photo: BLOOMBERG NEWS) Frankfurt Investors fear a…
Credit Suisse fined $81 million in the US
According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is…
JP Morgan bundles three European subsidiaries in Frankfurt
Frankfurt It took a few years of planning, and now it’s official: JP Morgan is merging its three legal entities in the European Union. “With immediate effect, the units from…