banks

U.S. preparing sanctions against Putin - report

U.S. senior Democratic senators will today unveil a new package of sanctions to punish Russian President Vladimir Putin if Moscow engages in hostilities against Ukraine, reads the legislation, obtained by The Washington Post in advance of its …

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U.S. weighs new banking sanctions against Russia - report

The U.S. and European allies are weighing sanctions targeting Russia’s biggest banks and the country’s ability to convert rubles for dollars and other foreign currencies should Russia invade Ukraine, Bloomberg reported citing people …

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Sovcombank to buy Uzbek state bank

Major Russian private Sovcombank intends to acquire Uzagroexportbank. Thus, 100% of the unprofitable enterprise will be sold by Uzbekistan. "At the moment, the parties are negotiating on the terms of the deal. Several million …

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Robber of Bank of Georgia branch in Kvareli detained

The armed robber who attacked the Bank of Georgia branch in Kvareli, eastern Georgian region of Kakheti earlier today has been detained, the Georgian Interior Ministry reports. The individual, identified only as …

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Armed man attacks Bank of Georgia branch in Kvareli

An armed man is currently holding 10-15 individuals hostage in a hold up of a Bank of Georgia branch in the Kvareli district of eastern Georgia, witnesses on the ground say. He is allegedly holding a hand-grenade and is demanding half a …

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Three-quarters of Russians use online money transfers

Three-quarters of the Russian adult population (over 75% of those polled) use online money transfers. This figure rose 20% in May 2021, according to a poll conducted by the Bank of Russia. "More than 75% of the Russian adult …

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Apple Pay becomes available to Mir cardholders

Holders of Mir cards can use Apple Pay starting from Tuesday, according to press service of the payment system. Every Apple Pay transaction is secured by innovative iPhone technologies. Payment is available for iPhone and Apple Watch …

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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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