On Tuesday, New Zealand imposed new sanctions on Russia’s largest banks and financial institutions, following its invasion of Ukraine. “We are deeply concerned at the reports of brutality from Russian forces,” said Foreign Minister Nanaia Mahuta in a statement. “New… Read More ›
In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
In a statement financial regulators of Bahamas said, financial institutions in the country have been ordered to halt all transactions with Russian entities which have been targeted under Western sanctions. While the Bahamas has vocally condemned Russia’s invasion of Ukraine,… Read More ›
On Monday, the central bank of Portugal said, it has instructed lenders to freeze the accounts of entities and people who have been targeted by sanctions. Western countries have moved to isolate Russia and have targeted it’s economy and financial… Read More ›
In a significant development, the United States has named five already-sanctioned Chinese officials who have allegedly contributed to undermining Hong Kong’s democracy; it has also issued a warning to financial institutions that conducting business with these officials would lead to… Read More ›
On Monday, in a statement Bank of Japan Governor Haruhiko Kuroda said, woes revolving around China’s property sector are unlikely to trigger a global shock since the country was not saddled with huge external debt. “We don’t expect China’s property… Read More ›
In a significant development a U.S. Treasury Department-led regulatory body has called on the US Congress to regulate issuers of “stablecoins” saying like other financial institutions these fast-growing digital assets should be monitored before they pose any systemic risk in… Read More ›
According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›
In a statement Visa Inc said, it had agreed to a $2.2 billion (1.8 billion euro) takeover of European open banking platform Tink. Founded in 2012, Sweden-based Tink is an open banking platform that enables banks and other financial institutions to… Read More ›
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