(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – VTB will replace the head of its brokerage unit, Russia’s second-largest…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – A few dozen Russian retail investors handed in a letter to…
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 on Wednesday. In February blockchain…
(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 Thursday, even though Russia’s second…
(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 on Tuesday. Both banks have…
(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 Bank Andrey Kostin said on…
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender…
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union…
(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 of it to be determined…
(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 and expects demand to increase,…
– 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 other Russian financial companies, the…
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 harsh new Western sanctions forcing…
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. The suspension means that VTB…
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 a result of the conflict…
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 and euros to ‘minimize risks…
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 on Tuesday, warning that no…