JERUSALEM—Israeli security forces killed three members of the Palestinian terrorist group Islamic Jihad in a shootout in the occupied West Bank on Saturday. “This is a terrorist cell that has been involved in terrorist activity against security forces recently, and was apparently on its way to another attack,” the police said. Four Israeli officers were…
Moscow Exchange to Resume Shares and Bond Trading in Normal Mode on Monday: Central Bank
The Russian central bank said on Saturday that the Moscow Exchange will resume trading on Monday, with shares and bonds in normal mode. It said the trading session will last from 9:50 a.m. until 1:50 p.m. Moscow time (0650–1050 GMT).
$40 million in Deposits Missing, State-Owned Bank Not Accountable
A bank manager working at a branch of state-owned Industrial and Commercial Bank of China (ICBC) was recently sentenced to life in prison for setting up a scheme that enabled him to steal 250 million yuan (about $40 million) in deposits. The depositors are finding it almost impossible to get their money back as the…
Russia: Capital Controls Were Tit-for-Tat Move After Central Bank Reserves Frozen
March 25, 2022
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Restrictions Russia’s central bank imposed in the past month on capital flows out of the country were a tit-for-tat move in response to part of its reserves being frozen by Western countries, the regulator said on Friday. Western sanctions imposed on Russia for what Moscow calls “a special military operation” in Ukraine have limited the…
Britain Aligns With EU on Basel Bank Capital Rules
March 21, 2022
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LONDON—The Bank of England said on Monday that it planned to implement a final set of post-financial crisis capital requirements for banks from January 2025, bringing Britain in line with the European Union in a move that banks will welcome. Tough bank capital reforms were agreed at the global level after banks were bailed out…
China’s Central Bank Unexpectedly Keeps Medium-Term Policy Rates Unchanged
SHANGHAI—China’s central bank kept some of its policy rates unchanged in a liquidity operation on Tuesday, dashing expectations for a cut, although investors believe policymakers may resume monetary easing soon to prop up the cooling economy. The surprise decision comes a day before the U.S. Federal Reserve is expected to deliver its first interest rate…
Russian Central Bank Raises 1.4 Trillion Roubles at 1-day Deposit Auction
March 14, 2022
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Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion roubles at a one-day repo auction, as it seeks to help lending institutions manage their liquidity. ($1 = 112.5470 roubles)
Citi Plans 900 Hires for Commercial Banking Unit Over 3 Years
Citigroup Inc.’s commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank’s Asia Pacific business, as it plans to fast-track growth. The U.S. lender said on Monday that along with launching in new markets and expanding its digital capabilities, the Citi Commercial…
Dutch Bank ING Says $770 Million in Loans Affected by Russian Sanctions
AMSTERDAM—Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States. In a statement composed of bullet points and pictures, it did not…
European Bank Shares Halt Slide, Russia’s Sberbank Exits Europe
FRANKFURT/LONDON—European bank shares halted their slide on Wednesday after dropping to their lowest level in nearly 11 months on fallout from the Ukraine crisis, which has forced the European arm of Russia’s Sberbank to close. Russia has shown no intention of stopping its Ukraine attack, which has triggered heavy sanctions against Moscow and led to…
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