Russia’s VTB brokerage head leaves amid clients’ dismay
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – VTB will replace the head of …
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Russian retail investors ask VTB to compensate them for foreign losses
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – A few dozen Russian retail investors …
State bank VTB, fintech firm execute Russia’s first digital asset deal
MOSCOW – Russian lender VTB’s VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said …
Russia’s VTB has resources to buy Otkritie, says CEO
(Reuters) – Russia’s VTB Bank has the resources it needs to buy bailed out lender Otkritie Bank, the chief executive of state-controlled VTB said on …
Russian bank VTB doesn’t see merger with rival happening before autumn -newspaper
(Reuters) – VTB, Russia’s second-largest lender, does not think a proposed merger with fellow state-run bank Otkritie will take place before autumn, Kommersant newspaper said …
VTB says Russian banks could get $52 billion boost if country ditches Basel rules
(Reuters) – Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital requirements, the head of VTB …
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the …
Russian bank VTB no longer has control of European subsidiary -German regulator
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said …
Russian banks need to be recapitalised as losses loom, VTB CEO says
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale …
Sanctioned Russian bank VTB sees strong demand for gold bars
(Reuters) – Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month …
Russia’s VTB to hand over servicing of foreign securities to other firms – TASS
– Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to …
Russia’s VTB to hike mortgage rates by four percentage points to 15.3%
MOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with …
London Stock Exchange suspends VTB Capital’s membership
LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine. …
Biden says VTB, other Russian banks to be sanctioned
WASHINGTON – U.S. President Joe Biden said on Thursday that Russia’s second largest lender VTB is among the Russian banks that will be sanctioned as …
Russia’s VTB asks corporate clients to stay away from forex transactions, Ifax says
MOSCOW – Russian state bank VTB, the country’s second biggest bank, Russia’s no.2 bank, asked its corporate clients to refrain from transactions in U.S. dollars …
Russia’s Sberbank and VTB would face sanctions if invasion proceeds, U.S. official says
WASHINGTON – Russia’s Sberbank and VTB would face American sanctions if Moscow proceeds with its invasion of Ukraine, a senior U.S. administration official told reporters …