Latest News
Add a short description for your blog.
Russian bank closures disrupt European banking operations
Russia’s attack on Ukraine and the resulting economic sanctions have already impacted European banking in several ways, many of which...
Dangerous tides from Russian sanctions pull on Eurozone bank recovery
One of Italy’s major banks, UniCredit, has issued a stark warning that it may have to face losses of about...
Visa, Mastercard and American Express stop Russian operations
Visa, Mastercard and American Express have suspended operations in Russia. The decision followed a request by Ukraine’s President Volodymyr Zelensky...
VTB Bank withdraws from Europe as sanction hit
Just days after Sberbank announced its collapse in Austria and subsequent withdrawal from the European banking sector, VTB Bank has...
Sberbank pulls out of Europe as Austrian entity fails
Sberbank has announced it has been forced to pull out of the European market, after it said it faced large...
EU pulls trigger on Russia Swift ban – but will it be effective?
The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of...
Visa and Mastercard hit Russian banks – Anonymous steps up cyber war
Visa and Mastercard say they have blocked multiple Russian financial institutions from their network, complying with government sanctions. Visa said it...
ECB: Sberbank European assets on brink of collapse as sanctions bite
Sberbank European subsidiaries are on the brink of collapse warns the European Central Bank as Russia’s largest bank face failure...