banks

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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Russia's Mir cards accepted in Turkey

Turkey's banking chain Turkiye Is Bankasi that has the largest nationwide acquiring network, has started accepting Russia’s Mir cards, CEO of the Russian National System of Payment Cards (NSPC) Vladimir Komlev said. …

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Russian banks preparing for U.S. sanctions

Leading Russian banks are working on plans to help each other retain an access to the global financial system if they are hit by new U.S. sanctions, according to sources familiar with the matter. The banks are "examining how they …

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Putin holds meeting with VTB head

Russian President Vladimir Putin had a working meeting with President and Chairman of the VTB Bank Management Board Andrei Kostin to discuss the bank’s performance last year, mortgage lending and housing construction …

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Sberbank to complete sale of Denizbank in H1 2019

Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …

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Russians cannot get out of debt?

The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%.  Russian people's current total debt is 14.86 trillion rubles. According to the …

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