Germany will be battered with a wave of bankruptcies due to Ukraine-related sanctions against Russia, according to Commerzbank Chief Executive Officer Manfred Knof. “The energy supply in Germany is at risk, supply chains are breaking down, we have high inflation,” Knof was quoted by the Handelsblatt daily as saying. According …
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According to the prosecutors, Roman Yurkov made 220 different transactions on the night of June 1, 2020, after discovering a technical error while taking money out of his bank account at a bookmaker. He later went on to buy four apartments, a new iPhone, a BMW, and a Mercedes, before …
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Commonwealth Bank, Westpac, and ANZ are working to restore online banking services that have reportedly stopped functioning across the country. “We’re aware some of you are experiencing difficulties accessing our services and we’re urgently investigating. We apologise and thanks for your patience, we’ll provide an update soon,” Commonwealth Bank tweeted …
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“It’s no secret that there are threats, primarily from the United States, to disconnect Russia from the SWIFT system,” said Dmitry Birichevsky, director of the Economic Cooperation Department of the Russian Foreign Ministry. Speaking on RIA Novosti on Monday, the diplomat noted that Russia has concerns that SWIFT could get …
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Dubbed FLIP, the project represents the latest, fifth generation of self-driving vehicles, meaning it’s fully autonomous and has neither driver’s seat nor dashboard in it. Being the size of a regular passenger car, it’s 40% more spacious, according to its developers, SberAutoTech. The futuristic vehicle – the prototype resembles a …
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The so-called global benchmarking study on digital banking maturity provided a comprehensive outside-in ’mystery shopper’ assessment of 318 retail banks in 39 countries. According to the report, Russia is among the top ten countries leading the way in global digital banking, along with Japan, Singapore, Norway, Spain, Belgium, Turkey, Poland, …
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The blast of the mortgage bubble would create an unprecedented crisis in the banking system of the country and will bring down the already shaky real estate market, just as in 2008, the American real estate crisis brought down the global economy. But this is quite serious – writes a …
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Volodin: the state Duma and the banking community will look to reduce mortgage rates to 8% Deputies of the state Duma on may 14 will hold parliamentary hearings, during which will discuss lower interest rates and the increased availability of mortgage lending to citizens. This was reported today the Chairman …
Read More »The Central Bank failed to sell at public auction sanitized Asian-Pacific Bank (ATB), said in a statement on the regulator’s website. It is noted that, the Central Bank organized the auction was recognized invalid due to the fact that neither of the two admitted to trading participants “has not in …
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The credit status of Ukrainian banks will improve over the next 12 – 18 months, analysts say. International rating Agency Moody’s improved the Outlook for Ukraine’s banking system from stable to positive. The Agency believes that the creditworthiness of banks in the country will improve over the next 12 – …
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