Underground banking case referred to Moscow courtRussian prosecutors have referred to court a case involving an elaborate underground banking scheme, the Prosecutor General's Office reported Thursday.17:23 15.08.2013
Bank seeks fraud charges against man who successfully altered fine printLawyers for Tinkoff Credit Systems Bank (TCS) are looking into initiating a criminal case against on of their clients on suspicion of fraud, the bank’s press-service told the PRIME business news agency.15:25 08.08.2013
Police apprehend fake bankers in Moscow - Interior MinistryThe Moscow police have apprehended fake bankers who have cashed over 7 billion rubles ($213 million), the Interior Ministry reported on Friday.13:46 28.06.2013
Receivership at AMT Bank extended for six monthsMoscow Commercial Court has extended the receivership at AMT Bank for another six months, thus supporting the receiver's request RAPSI reported from the courtroom.11:49 25.06.2013
UK quashes sanctions over Iranian banks alleged nuclear program tiesThe Supreme Court of the United Kingdom Wednesday set aside a direction and quashed an order that had given effect to sanctions imposed against a major Iranian bank on the basis of its alleged connections with Iran’s nuclear weapons and ballistic missile programs, based on the majority’s finding that the measures were wholly disproportionate, having been based on an arbitrary and irrational distinction.19:18 20.06.2013
Cyprus prosecutors to check purchase of Uniastrum Bank by Bank of CyprusThe Cypriot Attorney General's Office will audit a 2008 deal to buy an 80% stake in Russia's Uniastrum Bank by Bank of Cyprus, the Cypriot government reported on its website.15:25 11.06.2013
Bank of Russia appeals ruling to collect $37 million for AMT BankThe Bank of Russia has appealed the Moscow Commercial Court's decision to collect 1.178 billion rubles ($37 million) from the Bank of Russia in favor of AMT Bank.14:14 10.06.2013
Cyprus Supreme Court approves deposit restructuring decisionThe Supreme Court of Cyprus on Friday approved a decision to write off some deposits with Cypriot banks, thereby dismissing the clients' complaints against the "unconstitutional decisions" of the government and the Bank of Cyprus.14:12 07.06.2013
Ruling on AMT Bank's bankruptcy upheldThe Moscow Region Federal Commercial Court has upheld the lower court ruling to recognize AMT Bank as bankrupt, the court told RAPSI on Wednesday.14:32 05.06.2013
Police investigate illegal export of nearly $900 million - reportThe Russian Regional Development Bank (RRDB), which is controlled by the country's largest oil producer Rosneft, is suspected of illegally exporting nearly $900 million, Vedomosti daily reports on Friday.11:32 31.05.2013
Swiss officials authorize enhanced cooperation between banks and US authoritiesSwiss government officials approved a bill Wednesday that would allow banks to resolve their disputes with US authorities by authorizing cooperation between the banks and authorities in certain capacities, according to a statement released by the Swiss Federal Council.16:20 30.05.2013
Supreme Court clears up termination terms for loan contractsThe death of a guarantor and terms of early termination of loan contracts which are not specified in the legislation are not considered sufficient grounds for terminating loan guarantees and demanding early repayment.13:28 24.05.2013
Russian police wrap investigation of $80 mln BTA Bank embezzlementA probe into the attempted embezzlement of 2.5 billion rubles (approximately $80 million) from BTA Bank has reached completion, Russia’s Interior Ministry reported on Tuesday.18:14 21.05.2013
Rosbank VP admits to being accessory in bribe caseRosbank Senior Vice President Tamara Polyanitsyna has admitted to being an accessory to the receipt of bribes on behalf of her boss, CEO Vladimir Golubkov.16:04 17.05.2013
Rosbank CEO denies bribery and corruption allegationsRosbank CEO Vladimir Golubkov, who has been detained for accepting a 5-million-ruble ($160,000) bribe, has denied any wrongdoing, said his attorney Dmitry Kharitonov.10:20 17.05.2013
State Duma proposes restricted police access to banksLaw enforcement agencies would have to obtain a court warrant for access to bank account information, according to amendment recommended for inclusion prior to the second reading of a bill on the prevention of illegal financial transactions.16:29 16.05.2013
Raiffeisenbank appeals refusal to nullify JFC loan dealThe Thirteenth Commercial Court of Appeals has agreed to hear a Raiffeisenbank appeal of a lower court ruling that refused to invalidate a one-billion-ruble loan contract between JFC spin-off companies.14:15 16.05.2013
Rosbank CEO faces seven years for corruptionIf found guilty, Rosbank CEO Vladimir Golubkov, who has been detained along with Senior Vice President Tamara Polyanitsyna, could be sentenced to seven years in prison for corrupt business practices.11:49 16.05.2013
Rosbank CEO, VP detained on suspicion of $1.5 million briberyRosbank CEO Vladimir Golubkov and Senior Vice President Tamara Polyanitsina have been detained based on allegations of having accepted a 5-million-ruble ($160,000) bribe.15:42 15.05.2013
Bank of Scotland official's detention exteneded until May 31The Babushkinsky District Court in Moscow has extended until May 31 the detention of the security chief of the Royal Bank of Scotland's Russian unit. Vsevolod Glukhovtsev has been accused of fraud and is suspected of embezzling over 300 million rubles ($10 million).16:36 29.04.2013