banks

SWIFT does not intend to disconnect Russia from system

SWIFT has no intentions to disconnect Russia from the system because it will not benefit anyone, executive director of the Russian national SWIFT association (Rosswift) Roman Chernov said at the roundtable hosted by Russia’s lower house of …

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Tajikistan liquidates long-struggling banks

Two major banks in Tajikistan, both once considered too big to fail, have been liquidated at the orders of the authorities. The National Bank of Tajikistan, or NBT, said in a statement last week that Agroinvestbank and Tojiksodirotbank, which …

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Georgia’s pensioners hamstrung by crippling debt

Paradoxically, Georgia’s poorest citizens – its elderly – have the easiest access to credit. But there is a catch. Elderly Georgians, perhaps the poorest category of people in the country, paradoxically have the easiest access to bank credit: In an unstable economic environment, government retirement benefits are one stable, albeit small, form of income that can serve as security for a loan

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Georgian police officers detained bank robber

The Georgian policemen managed to find a criminal who tried to rob the Liberty Bank branch. The suspect was detained, the website of the Georgian Interior Ministry informs. On January 29, the detainee burst into the bank branch in …

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Bank robbed in St. Petersburg

On Saturday, an unknown robbed one of the St. Petersburg banks, taking four million rubles. The robbery happened on Veterans Avenue around 16.40. The press service of the Main Directorate of the Ministry of Internal Affairs for St. …

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Russian banks receive record low net profit

Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …

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Europe's biggest bank to cut 35,000 jobs 

Europe's biggest bank HSBC has announced it will axe 35,000 jobs worldwide as part of a major restructuring after the bank’s profits fell by a third last year. The bank is aiming to scale back its headcount from 235,000 …

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Moody’s changes Russian banking sector outlook

International rating agency Moody’s has worsened its outlook on the Russian banking sector to stable from positive amid a slower economic growth. Moody’s expects that a weak economic growth will curb improvements over …

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Iran to launch its own cryptocurrency

Iran's Peyman cryptocurrency is about to start operating and will soon be launched, CEO of Bank Melli Iran Mohammad Reza Hosseinzadeh said, adding that the cryptocurrency is gold-backed. Hosseinzadeh noted that …

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