US authorities have begun to negotiate with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by American government. That is another crackdown on European banks who are not happy with the US sanctions policy. The talks with state and federal authorities have just begun, a source said, however, the timing of a deal is not set, Reuters reports.
The Lugansk People’s Republic has stopped the operation of Privatbank belonging to Ukrainian oligarch Igor Kolomoisky, the governor of Ukraine’s Dnepropetrovsk region, in its territory, the Novorossiya news agency reported on Monday.
The five BRICS countries have reached a broad consensus on their $100 billion development bank though some differences remain, the Chinese Vice Foreign Minister Li Baodong said on Monday ahead of a summit in Brazil next week to be attended by President Xi Jinping.
The ever-increasing involvement of the European Union with the Ukraine situation, Voice of Russia listeners and readers are speaking their mind. We have a lot of feedback on this subject.
Voice of Russia continues receiving correspondence from our listeners from all over the world, who share their thoughts on ongoing events with us. There is a distinct growing discontent with the European Union, especially noticeable in some of the members which have struggling economies. We have received a lot of feedback from our audience as well.
Vladimir Putin said that Russia was aware of pressure that the United States puts on France over the deal to build the Mistral warships for Russia and views it as blackmail, RIA reports. "What is being done now with the French banks causes nothing but outrage in Europe and in our country as well," Putin said at a meeting with Russian ambassadors and permanent envoys.
France's largest bank BNP Paribas has sufficient funding to back the fine and penalties it needs to pay under settlements with US authorities over sanctions busting, the French bank's top executives said on Tuesday.
A law that stipulates the creation of the Russian National card payment system comes into effect on July 1. The law also binds the international payment systems to ensure the regularity of their work. From this point on, operators of the payment systems can't stop servicing the clients unilaterally.
US Foreign Account Tax Compliance Act (FATCA) that allows banks worldwide to reveal information about their depositors, takes into effect on July 1. Under the new act all foreign banks are required to reports all offshore accounts of the US citizens.
Hackers' group claims that it has attacked PrivatBank owned by Ukrainian oligarch Igor Kolomoisky, the notorious sponsor of the so-called National Guard waging a war on self-defense fighters and civilians in southeastern Ukraine.
Bulgaria's president denied on Sunday its banks were on the verge of collapse as six people were arrested for "spreading false information" about the health of the country's financial institutions, AFP reports.
Tightening of European sanctions against Russia may adversely affect activities of the Italian Bank Unicredit and the whole European banking sector, an adviser to the Italian Bank, member of the Board of Directors, Gianni Franco Papa said today in an interview with the German Handelsblatt newspaperю
New York prosecutors sued British bank Barclays for fraud Wednesday, saying it ran a "dark pool" securities trading operation to the benefit of "predatory" high-frequency traders. Attorney General Eric Schneiderman said Barclays promised clients that it would protect them from aggressive high-speed trading firms in the dark pools but at the same time took steps that benefited these firms.
New York justice officials sued British bank Barclays for fraud Wednesday for running a "dark pool" securities trading operation to the benefit of "predatory" high-frequency traders.
German customs authorities have confiscated documents from a former unit of Royal Bank of Scotland showing that family members of the bin Laden clan were among its clients. The Royal Bank of Scotland denied any links to Osama bin Laden and his family. "We didn’t take care of Osama bin Laden’s financials at any point of time, nor did we deal with his immediate relatives," said the RBS official statement.
BNP Paribas has neared a deal with US prosecutors that would see the French bank pay $8 billion to $9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reported Sunday.
The next Republican majority leader in the House of Representatives said Sunday he favors shuttering the US Export-Import Bank, which helps finance the export of American goods and services abroad. The government agency supports exporters like Boeing or General Electric with export credit insurance, and provides loan guarantees as well as direct loans. Numerous Republicans, however, would like that role to be filled by the free market - not by a taxpayer-funded public body. For this reason, they want to let the bank's lending authority and charter expire in September.
Supporters of the Donetsk People's Republic on Monday assumed control over the department of the National Bank of Ukraine in the Donetsk region and the State Treasury.
French bank BNP Paribas, under the threat of severe US penalties on charges of sanctions busting, announced on Thursday that its chief operating officer Georges Chodron de Courcel is to quit on June 30. At the beginning of June, various sources told AFP that the bank would sack Chodron de Courcel to placate US judicial authorities.