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Banking

Good fundamentals make ruble ‘stable’ currency - Russian Central Bank
Russia’s currency has taken a significant 20 percent plunge this year against the dollar and euro, but analysts are confident that Russia’s sturdy stash of foreign reserves and miniscule external debt make the ruble one of the ‘most stable’ currencies.

22.10.2014 14:42

Cashing out: ‘Electronic payments taking over, banks to abandon paper money soon’
More and more countries are using electronic payments instead of physical as they’re much cheaper, easily traceable and help to combat terrorism financing, money laundering, tax evasion and the black market, economist Konstantin Gurdgiev told RT.

22.10.2014 06:50

'U​ncertainty shock’: Hung parliament and EU referendum threaten UK economy
Investors are concerned about the future stability of Britain’s business environment, warning of a “huge uncertainty shock” if the UK leaves the European Union, or ends up with another coalition government after next year’s general election.

20.10.2014 09:02

Money tweets! French bank users can now send money with Twitter
One of France’s largest banks has launched a new service which allows its users to transfer money via Twitter. The bank claims that all Twitter users in the country will be able to use the service irrespective of their bank.

15.10.2014 10:28

Russia’s two largest banks plan SWIFT alternative
The two biggest banks in Russia, Sberbank and VTB, are in talks to create an alternative to the SWIFT global system for interbank financial communications, VTB head Andrey Kostin said.

13.10.2014 10:26

​MasterCard to comply with new rules and remain in Russia - CEO
The MasterCard international payment system will continue operating in Russia and comply with the new rules set out by the Central Bank of Russia, CEO Ajay Banga has said.

13.10.2014 07:20

Vicious circle: ‘Economy not growing as companies sit on billions and don’t invest‘
Corporations around the world have billions of dollars in their bank accounts and they don’t spend it because the economy is not growing, but the economy is not growing because they are not spending the money, stock market analyst David Kuo told RT.

10.10.2014 06:57

​Russia to force card issuers to use domestic payment system
Two Russian deputies have submitted a bill to the State Duma that would require all foreign and domestic payment card issuers to work exclusively with the new National Payment System in Russia.

07.10.2014 07:02

US lifts sanctions on Turkish arm of Russia’s biggest lender
The US Treasury Department has taken a bank off its “naughty” list, Turkey’s DenizBank, a subsidiary of Sberbank. Russia’s largest bank was placed under sanctions in September, and now DenizBank is no longer blocked from American capital markets.

07.10.2014 07:04

SWIFT: 'No authority' to suspend Russia, Israel from intl payments over sanctions
SWIFT will not bow to pressure to disconnect Russia and Israel from international transactions as it has "no authority" to make unilateral sanctions decisions, the Belgium-based group said Monday.

06.10.2014 09:43

Former Federal Reserve chairman denied mortgage refinance
Strict banking regulations for mortgages mean that even prominent people have problems securing home loans – and former Federal Reserve Chairman Ben Bernanke is no exception.

04.10.2014 01:16

Biggest bank in US hacked: JPMorgan admits data breach for 76 mn households
More than half of all households in the United States were affected by a data breach that occurred earlier this summer, JPMorgan Chase revealed on Thursday. The names, addresses, and numbers of millions of affected bank clients were stolen by hackers.

02.10.2014 21:46

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