Valio search unrelated to company activityA recent search at Finnish dairy product producer Valio was conducted in St. Petersburg as part of a 45 million ruble banking case and was not related to the company’s activity.16:51 12.08.2014
Russian banks requesting government aid due to sanctionsGazprombank and Rosselkhozbank have requested government support in the wake of recently imposed sanctions, Vedomosti reports.10:35 07.08.2014
Student arrested for attacking the online resources of major Russian banksA student from Togliatti (Samara Region) was arrested on suspicion of hacking into the online resources of several major Russian banks, Russian Interior Ministry reported Thursday.11:19 24.07.2014
State Duma shortens bank list for opening strategic company accountsThe State Duma has passed a third version of a Government bill that would shorten the list of banks where companies with strategic significance for Russian national security could open accounts. This would include the companies’ subsidiaries and other affiliated companies.15:16 04.07.2014
Mezhprombank bankruptcy proceedings to require $11 mlnThe cost of bankruptcy claims in the International Industrial Bank (Mezhprombank) case could cost the government up to 375.4 million rubles ($11 million) between July 1 and September 30, the state Deposit Insurance Agency (DIA) said in a statement.12:49 04.07.2014
Gang members charged with illegally cashing $1.1 billion to remain jailed - reportThe Moscow City Court has extended the detention of the criminal group members charged with illegally cashing around 36 billion rubles ($1.1 billion), Kommersant newspaper reported Thursday.11:02 03.07.2014
Former Bank of Moscow president charged with embezzling $30 millionThe former president of the Bank of Moscow, Andrei Borodin, has been charged in an embezzlement case totaling 1 billion rubles (about $30 million), the Interior Ministry announced on its website.10:36 03.07.2014
Cryptocurrency may be governed by Russian lawsCryptocurrencies could be regulated by Russian laws in the future, First Deputy Head of the Central Bank Georgy Luntovsky said at the International Banking Congress.15:20 02.07.2014
Turncoat banker Gitelson’s fraud case referred to courtInvestigators and prosecutors in St.Petersburg have referred to a court a 5 billion-ruble fraud case against Alexander Gitelson, former owner of the Bank of East European Finance Corporation (EEFC Bank, St. Petersburg) and former board chairman of Inkasbank, Russia’s Investigative Committee’s official spokesman Vladimir Markin announced Tuesday.11:27 01.07.2014
BNP Paribas agrees to $9Bln settlement for violating US sanctionsThe French banking giant BNP Paribas has agreed to pay US authorities $8.97 billion in settlements for violating sanctions against several countries, as stated in the company's Tuesday press-release available online.10:15 01.07.2014
US Supreme Court upholds ruling on banks’ involvement in 9/11 attacksThe US Supreme Court has left intact a lower court’s ruling that dismissed the claims filed by the victims of the September 11, 2001 attacks in New York against several Middle Eastern banks, which they accused of indirectly supporting Islamic militants.09:50 01.07.2014
Russian banks required to provide data to loan history bureaus by lawPresident Vladimir Putin signed a law that requires banks to provide guarantees to credit history bureaus.15:30 30.06.2014
Russian government proposes amending law on banksRussian government submitted a bill on amending the law “On Banks and Banking” to the State Duma on Monday.13:40 30.06.2014
New York attorney general files fraud suit against BarclaysThe New York State Attorney General has filed civil fraud charges against the UK banking giant, Barclays, arguing that it favored high-frequency traders over other investors, The New York Times writes.11:47 26.06.2014
Russia to ease operation terms for Visa and MasterCardRussia’s Ministry of Finance has published a draft resolution to ease the terms of operation for Visa and MasterCard before they are assigned the status of nationally significant card payment systems.13:04 25.06.2014
Ex-head of Proton Bank to be released on EUR 500,000 bail - reportThe former main shareholder of Proton Bank, Lavrentis Lavrentiadis, who was arrested in December 2012 over an alleged embezzlement at the bank, will be released on EUR 500,000 bail, the Athens News Agency reported.11:59 25.06.2014
MasterCard announces tender to process transactions in RussiaMasterCard said it is looking for a Russian company to process all payments made in Russia with the international system’s cards. Currently, all such payments are being processed outside Russia.13:48 17.06.2014
State Duma Committee supports bill on payment card system operation in RussiaThe State Duma Committee on Financial Markets has recommended that a bill which would expand the authority of the cabinet of ministers to ensure uninterrupted service of the international payment card systems should be adopted in its first reading .17:12 16.06.2014
Former director of EBRD bank gets 5-year suspended sentenceThe Simonovsky District Court of Moscow on Monday handed down a five-year suspended sentence with a five-year probation period to Yelena Kotova, Russian former top representative at the European Bank for Reconstruction and Development (EBRD) who has been charged with seeking a bribe of $1.4 million, RAPSI reports from the courtroom.15:44 16.06.2014
Russian parliament mulls relaxing rules for Visa and MasterCardThe State Duma Financial Markets Committee will hear amendments to the law on the national card payment system to relax requirements for Visa and MasterCard after the four-day holiday in mid-June, said committee head Natalya Burykina.14:46 06.06.2014