Court softens collectors' rights limits to recover creditsThe Supreme Court has substantially softened the limits of banks opportunities allowing unlicensed collector agencies to recover credit. The text of the courts plenum decision was approved on Thursday.17:09 28.06.2012
Holding-Credit bank goes bankruptThe Moscow Commercial Court has declared Holding-Credit bank bankrupt. Established in 1994, the bank was one of Russias top 300 banks in terms of assets.10:37 27.06.2012
AMT bank declared bankruptThe Moscow Commercial Court has declared AMT Bank bankrupt on Wednesday. AMT was the seventy-first top bank in Russia in terms of assets.14:26 20.06.2012
Investbank's 5.3 mln claim against airBaltic shelvedThe Moscow Commercial Court has shelved Investbank's lawsuit against Latvia's Air Baltic Corporation (airBaltic) and Baltijas Aviacijas Sistemas (BAS) to recover 5.3 million euro.13:20 05.06.2012
Holding-Credit bank management suspected of asset strippingThe Holding-Credit management is suspected of stripping the bank of assets, destroying bank documents and its client base.10:48 25.05.2012
Tomsk official suspected of defrauding bankA Tomsk regional official is suspected of being involved in a case of fraud in an investment project, which resulted in large-scale damage to Binbank.10:53 14.05.2012
Moscow bank's lawsuit against National Bank of Greece to be heard on June 27The Moscow Commercial Court will hear on June 27 the Moscow-based Prado-Bank's lawsuit against the National Bank of Greece S.A., in which the plaintiff seeks the rights to the i-bank international trademark.15:41 02.05.2012
Banking fraud to thrive in cyberspaceBankers and law enforcement authorities predict a near boom in Internet banking services fraud. Experts see several reasons behind this trend – flaws in Russia’s legal framework, inefficient anti-fraud efforts, and Internet users simply being insufficiently computer savvy.12:01 02.05.2012
Defense Ministry may have restricted banking services competitionThe Defense Ministry may have restricted banking services competition by transferring some of its accounts from other banks to VTB, the Federal Antimonopoly Service reports.14:58 24.04.2012
Case on foreign banks operating without offices in Russia to be reconsideredThe Supreme Commercial Court Presidium will hear on April 24 an application to reconsider a case on foreign banks operating in Russia without representative offices.14:47 20.04.2012
Bank's top manager charged with illegal cash-outLaw enforcement authorities have exposed violations in Master-Bank and have started criminal proceedings against the suspects, one of whom being the bank's former Vice-President Evgeny Rogachyov.10:17 20.04.2012
Moscow bank sues National Bank of Greece for i-bank trademarkThe Moscow Commercial Court has registered a lawsuit filed by Moscow-based Prado-Bank against the National Bank of Greece S.A., in which the plaintiff claims the rights to the i-bank trademark.17:24 19.04.2012
New charges brought against former head of CreditTrust bankA new charge was brought against Alexander Timofeyev, former head of the CreditTrust bank suspected of intended bankruptcy.13:47 19.04.2012
Police uncovers multi-billion dollar cash-out scheme in MoscowThe police detained underground bankers suspected of laundering money for an organized criminal group, their annual turnover exceeded $3.07 billion.13:40 26.03.2012
Supreme Commercial Court protects bank guaranteesThe Supreme Commercial Court has approved a decree explaining lower courts how to consider lawsuits contesting bank guarantees.15:14 23.03.2012
President proposes financial ombudsman amendmentsThe president has ordered the government and the Central Bank to compile a proposal by September 1 on legislative amendments to establish the Financial Stability Council and the position of a financial ombudsman.14:17 22.03.2012
Finance Ministry proposes to increase minimum required bank capital to $34 mlnThe Finance Ministry believes it is possible to increase the minimum bank capital to $34.24 million from today's $6.16 million as of 2015.14:01 21.03.2012
Bankers suspected of unlawfully sending over $3.4 billion abroadThe management teams at a number of Russian banks are suspected of unlawfully sending over $3.4 billion abroad.15:43 15.03.2012
Central Bank proposes limitations on bonuses in ailing banksThe Central Bank and the Deposit Insurance Agency (DIA) proposed to cut bonuses for top managers in insolvent and bailed out banks.10:38 13.03.2012