US government files $190 million lawsuit against Deutsche BankThe US government filed a $190 million tax evasion lawsuit against Deutsche Bank. The suit names several other defendants, including Wells Fargo.10:17 09.12.2014
The Big Four divided over FATCA interpretation in Russia - reportThe world’s four largest audit firms, which provide services under the FATCA norms, have provided contradictory consultations to their Russian clients.10:20 08.12.2014
Assets of 24 Ukrainian banks seized by Crimean courtsAssets of 24 Ukrainian banks have been seized in Crimea, and will be sold to compensate citizens for losses incurred by Ukrainian banking entities, RIA Novosti reports on Wednesday.14:19 03.12.2014
Interpol puts Russian billionaire Pugachev on wanted listInterpol put Sergei Pugachev, former Russian billionaire senator and founder of the bankrupted Mezhprombank, on a wanted list, the agency said on its website on Thursday.10:42 27.11.2014
Russian Central Bank closes three Ukrainian banks in CrimeaThe Central Bank of Russia stopped the operations of three Ukrainian banks in Crimea and Sevastopol, including Neos Bank, Credit Agricole Bank and Zoloti Vorota Bank.12:01 26.11.2014
Audit Chamber says VEB support of businesses 'inefficient'Support of small and medium businesses by state run Vnesheconombank (VEB) bank is inefficient, Interfax reports on Monday, citing a statement made by the Russian Audit Chamber.14:33 24.11.2014
Ukrainian mogul Kolomoisky’s PrivatBank owes Crimeans $232 million, court rulesThe Central district court of Simferopol has ruled that PrivatBank, owned by Ukrainian billionaire Igor Kolomoisky, owes its Crimean clients 10.9 billion rubles ($232 million).10:43 19.11.2014
Russia considers increasing fines for disclosing trade secretsThe Russian government has submitted to the State Duma a bill increasing fines for breaching the rules relating to acquisition and disclosure of trade secrets, commercial or financial information.10:35 17.11.2014
US court sentences Armenian Power leader to 32 yearsA court in California sentenced Mher Darbinyan, one of the leaders of the gang American Power, to 32 years in prison for conspiracy including extortion, bank fraud and bank card skimming schemes, the US Department of Justice states in a press release.13:13 13.11.2014
Russian national appeals dismissal of suit against MasterCardRussian national Alexander Moskovkin has appealed the dismissal of his lawsuit against MasterCard which blocked his card after the US imposed sanctions on Russian officials and several Russian banks over the situation in Ukraine, the plaintiff told RAPSI on Thursday.11:50 13.11.2014
Russian Central Bank announces action following panic buying of foreign currencyThe head of Russian Central Bank Elvira Nabiullina has announced on Monday that national currency will be allowed to float freely after it dived to record lows.14:23 10.11.2014
Russian government to discuss Mechel debtsHead of VTB Bank Andrey Kostin confirmed on Monday that the Russian government will discuss the matter of restructuring debt of Mechel, Russia's biggest producer of steelmaking coal, RIA Novosti reports.12:43 10.11.2014
$1.45 bln suit filed by VTB against Rusenergo Fund reaches Moscow courtThe Moscow Commercial Court has scheduled for December 5 a pretrial hearing on a suit filed by VTB Bank seeking 64.3 billion rubles ($1.45 billion) in debt from Rusenergo Fund Limited (Rusenergo).14:31 05.11.2014
Ex-lawyer sentenced in Moscow to 2.5 years for embezzling $700,000Moscow's Preobrazhensky District Court has sentenced former lawyer Zviad Khinikadze to 2.5 years in a penal colony for embezzling $700,000 from now-defunct Sovincom Bank.13:31 29.10.2014
Russian state banks could be prohibited from using foreign auditorsLower house lawmaker Yevgeny Fyodorov has proposed amendments to the law On Banks and Banking that would prohibit state-owned banks from using audit and consulting companies with foreign capital, Izvestia newspaper writes on Wednesday.10:38 22.10.2014
Russian banks to disclose management’s professional recordsRussian lower house of parliament, the State Duma, has passed in a final third reading a bill obliging banks to disclose professional records and qualifications of their management.17:37 21.10.2014
Crimean head says no rush to pay off Ukrainian banksCrimean Prime Minister Sergei Aksyonov told his constitutes to hold back with paying off loans to the Ukrainian banks that ceased operations in Crimea, RIA Novosti reports on Tuesday .16:16 21.10.2014
Three suspects in $25 million transfer scam arrested in MoscowMoscow police have arrested three individuals who are suspected of illegally funneling over 1 billion rubles (about $25 million) from Russia through shell companies.12:12 20.10.2014
Russian nationalist arrested in $5 billion BTA Bank embezzlement caseAlexander Potkin (a.k.a Alexander Belov, b. 1976), former leader of the Russian nationalist Movement Against Illegal Immigration, has been arrested in the case of the $5 billion embezzlement at the Kazakh bank BTA, Kommersant newspaper reported on Thursday, citing sources at the Russian Interior Ministry.11:04 16.10.2014
Lawsuit against MasterCard over blocking Russian card services dismissedMoscow's Meshchansky District Court has dismissed a lawsuit brought against MasterCard by a Russian national whose banking card was blocked after the US imposed sanctions on Russian officials and several Russian banks over the situation in Ukraine.12:08 15.10.2014