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Russia’s second biggest lender reduces dollar loans
​Russia’s second biggest bank VTB has reduced its US dollar lending, Andrey Kostin the bank’s head said on the sidelines of the Russia Calling! forum on Wednesday.

01.10.2014 11:53

Russian Central Bank rejects capital controls as ruble hits lowest level since 1998
​The ruble slid to a new record low of 39.71 against the dollar Tuesday. The Russian Central Bank has been quick to quash fears it would re-introduce capital controls to limit the amount of foreign currency purchases, or even moved outside the country.

01.10.2014 07:38

Russia could ditch US dollar in 2-3 years – head of Russia's #2 bank
​Two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said.

30.09.2014 10:27

Record global debt risks new crisis – Geneva report
A record level of $158.8 trillion in global debt, together with low economic growth is creating a serious threat of a new financial crisis, says the sixteenth annual Geneva Report.

30.09.2014 05:50

Kiev’s claims over legality of $3bn bailout ‘baseless’ – VTB
VTB, Russia's second-largest bank, has responded to Ukraine’s doubt as to the legality of the bank’s role in a $3 billion bond purchase last December to help Kiev’s ailing economy. Such claims are "baseless" the bank said in a statement on Friday.

26.09.2014 12:20

‘Extraordinary hypocrite’: UK whistleblower says HSBC chief Douglas Flint ignored fraud for years
A whistleblower of HSBC fraud has denounced the bank’s chairman, Douglas Flint, as “an extraordinary hypocrite” following the financier’s suggestion that those who expose crime in Britain’s financial services sector should be rewarded and celebrated.

24.09.2014 13:06

Overseas Americans continue to give up citizenship as banks refuse to deal with US tax returns
Thousands of Americans living overseas continue to give up their citizenship as foreign banks turn them away over the burden of completing increasingly expensive and complicated tax returns required by a controversial new tax law.

25.09.2014 03:54

Russian sanctions ‘de facto against European business’ – Alstom chief
Russia has become a strategic market for thousands of European companies, and sanctions put EU business at risk, Philippe Pegorier, President of Alstom Russia , told RT at a Sochi Investment Forum.

22.09.2014 13:52

​‘Anti-Muslim discrimination’: HSBC shuts down only account of UK Islamic charity
HSBC has officially closed the bank account of one of Britain’s oldest mosques, in an effort to minimize its risk. The mosque’s chairman said the banks’ action was discriminatory and Islamophobic. Meanwhile, they have opened an account with a new bank.

22.09.2014 08:21

‘No Muslim organization supports ISIS, but US & UK do’
It was the West that armed and financed ISIS and it is “outrageous” to blame Muslims for supporting extremists and close their bank accounts when they’ve done nothing wrong, Massoud Shadjareh from the Islamic Human Rights Commission, told RT.

22.09.2014 10:58

China pumps $81bn into banks to stop slowdown - report
The Chinese central bank is to inject $81 billion (500 billion yuan) into 5 major state banks to stimulate economic activity and lending, according to a source inside the People’s Bank of China.

17.09.2014 11:58

The US-EU-Russia sanctions puzzle
Whatever Russia does, doubt does not even enter the equation. The answer is sanctions. So here we go again. The US Treasury-EU latest sanction package targets Russian banking, the energy industry and the defense industry.

17.09.2014 10:25

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