Two high-level bankers charged with accepting bribesYelena Kotova, former board member of the European Bank of Reconstruction and Development (EBRD), and Igor Lebedev, former top manager of a leading Russian bank, are facing charges of attempting to accept bribes.13:40 15.01.2013
US foreclosure settlement angers Wall Street criticsA multibillion-dollar settlement announced Monday between US financial regulators and major banks over alleged abuses related to home foreclosures is the latest example of the financial industry running roughshod over the rule-of-law without repercussions, Wall Street critics said.17:00 08.01.2013
Businessmen to be tried for running underground bankA criminal case against pseudo-bankers who made an illegal turnover of around 18 billion rubles ($585.3 million) has been filed with a Moscow court.12:49 12.12.2012
Critics say HSBC deal shows money laundering paysThe US Justice Department announced Tuesday that HSBC, Europe’s biggest bank, would pay the fine as part of a deferred-prosecution agreement to settle allegations that it transferred money through its US operations for Mexican drug cartels and nations deemed rogue states by Washington, including Iran.09:31 12.12.2012
Court upholds WDB Bank lawsuits against debtorsThe court has upheld 860 lawsuits by the WDB Bank's bankruptcy receiver, the Deposit Insurance Agency (DIA) to recover 2.3 billion rubles ($75 million) from its debtors, DIA reported.17:20 11.12.2012
Property freeze declared legal against ex Bank of Moscow head BorodinOn Monday, the Moscow City Court declared the freeze of former Bank of Moscow head Andrei Borodin's property legal, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).13:48 10.12.2012
Law on banning foreign banks branches passes first readingThe State Duma approved a bill on banning the opening of branches of foreign banks in Russia. The bill "On Amending Certain Legislative Acts of the Russian Federation" has been drafted as part of the strategy to develop the Russian banking sector for the period up to 2015 and consolidates the agreements reached by Russian negotiators during consultations on Russia's accession to the World Trade Organization (WTO).11:15 22.11.2012
London’s High Court expands VTB bank injunction against debtorsRussian banking giant VTB was handed a mixed bag by London’s High Court of Justice Thursday in its claims for an expansion of the injunctive relief it was granted against defendants Pavel Skurikhin, Pikeville Investments LLP, and Perchwell Holdings LLP in August.11:16 09.11.2012
Bankruptcy application for Bank of Cyprus subsidiary to be heard on December 3The Moscow Commercial Court will hear on December 3 the validity of an application for Uniastrum Leasing's bankruptcy.14:49 18.10.2012
Former Master-Bank VP arrested for illegally procuring $64 mlnMoscow's Tverskoy District Court issued an arrest warrant for former Master-Bank Vice President Evgeny Rogachyov on Tuesday. Rogachyov is suspected of illegally procuring $64 million cash.18:06 12.10.2012
Application for Bank of Cyprus subsidiary's bankruptcy seen as manipulationThe application for the bankruptcy of Uniastrum Leasing, a Bank of Cyprus subsidiary, is unrelated to its financial status, but is intended to manipulate public opinion using paralegal methods.13:27 12.10.2012
$2.9 bln claim that arose from $103 transaction remanded by high courtThe Supreme Commercial Court's presidium has remanded for review a lawsuit by Mezhprombank client Sergei Yarmolinsky to have his $2.9 billion claim, which arises from a $103 deposit, included in the schedule of creditors.18:39 04.10.2012
Lithuanian Finance Ministry retains lawyers for battle with ex-bank ownerThe Lithuanian Finance Ministry will represent the country in the event of litigation with former Snoras bank shareholder Vladimir Antonov.18:16 02.10.2012
Former Snoras shareholder determined to seek justice over lost investmentsFormer shareholder of the bankrupt Snoras bank Vladimir Antonov plans to file a lawsuit against Lithuania over lost investments in a New York court.16:41 01.10.2012
Draft law on limiting interest rates submitted to State DumaState Duma Committee for Financial Markets Deputy Chairman Anatoly Aksakov has submitted to the Duma a bill on limiting interest rates on credit granted to individuals.17:20 04.09.2012
АirBaltic claims sureties in Investbank dispute are fakeAn AirBaltic representative has alleged that surety contracts at issue in a case launched against the airline company by Investbank were forged, the court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com). Baltijas Aviacijas Sistemas is co-defendants in the case with Latvian national airline AirBaltic. Between two complaints, the bank is seeking a total of 13.5 million euros from Baltijas Aviacijas Sistemas as the borrower and AirBaltic as the guarantor.11:52 23.08.2012
Dispute over Defense Ministry's bank orders to be handled on August 29The Moscow Commercial Court will hear on August 29 the Defense Ministrys appeal against the antitrust watchdogs decision that it broke competition law.15:48 21.08.2012
Putin signs law on bankruptcy procedure for banksPresident Vladimir Putin has signed a law improving the bankruptcy procedure for banks and increasing the responsibility of the management and the owners of those banks for the losses they incurred.17:34 30.07.2012
Bill on prohibiting foreign branch banks in Russia submitted to parliamentThe Russian government has submitted to the State Duma a draft law on prohibiting foreign banks from opening branch banks in Russia. The bill has been drafted as part of the strategy for developing Russias banking sector for the period of up to 2015 and consolidates the agreements reached by Russian negotiators during consultations on Russia's accession to the WTO.14:52 30.07.2012
Russian bank denies money laundering suspect was its VPMaster-Bank filed a lawsuit refuting media reports that an individual detained on suspicion of money laundering in April was one of its vice presidents.15:46 02.07.2012