Hints and tips:
...Four days later, the bank published a statement saying: “RCB Bank condemns war and violence in any form. We call for a peaceful solution as soon as possible.”...
...The European Central Bank has taken the rare step of appointing a temporary administrator to oversee the wind-down of RCB Bank, a Cypriot lender with strong Russian ties....
...The European Central Bank has taken the unusual move of appointing a temporary administrator to oversee the wind-down of RCB Bank, a Cypriot lender with strong Russian ties, which has been barred from agreeing...
...Three weeks ago, the European Central Bank appointed a temporary administrator to oversee the wind-down of RCB Bank, a lender created as a subsidiary of Russia’s VTB Bank....
...will oversee the wind-down of Russia-linked, Cyprus-based RCB Bank International grain trader Louis Dreyfus Group warned of the “material impact” the Ukraine war could have on its operations in the region...
...will oversee the wind-down of Russia-linked, Cyprus-based RCB Bank International grain trader Louis Dreyfus Group warned the Ukraine war could have a “material impact” on its operations in the region...
...Chengdu RCB played a role in the illegal channelling of funds to Wu’s business network, according to local media....
...Otkritie has sold its 19.8 per cent stake in Cypriot lender RCB as Russia’s largest privately held bank seeks to allay fears over its liquidity....
...In the last week, the bank sold its stake in RCB, VTB’s former Cypriot subsidiary; received approval to buy 51.5 per cent of struggling insurer Rosgosstrakh; and applied to buy the Lukoil-Garant pension...
...VTB says none of its executives holds shares in RCB....
...In 2014, Otkritie bought 20 per cent in RCB, taking it out from VTB’s majority ownership as the bank faced western sanctions. (All three banks deny this was a motivation for the deal.)...
...banks (CCBs) and rural commercial banks (RCBs)), was surprisingly high....
...However, when the RCB sells it to Bank B, it exploits a regulatory loophole to record this as a rediscount rather than a sale under repo. The bill is thus removed from the RCB’s balance sheet....
...banks (RCBs) and other rural lenders (see Figure 1)....
...The leaks show that Sandalwood took out unsecured loans worth about $800m from RCB Cyprus, a subsidiary of state-run VTB that took few, if any, precautions over its ability to repay them....
...But Masaake Shirakawa, BoJ governor, opposes such measures because they discourage investment flows and bank lending....
...After all, the only listed company, for now, is the Rokel Commercial Bank....
...Indeed, it’s basically the recovery of retail and commercial banking (what S&P calls ‘RCB’) as crisis-induced loan losses start to ease, combined with new regulation aimed at shifting banks away from corporate...
...Jens Larsen, chief European economist at RCB Capital Markets, tells Richard Milne, capital markets editor, that because rate rises by the European Central Bank pose such a high risk to peripheral eurozone...
...Police are investigating whether RCB forged promissory notes to defraud the bank before its failure, said the senior figure, who added that NRB had informed police and bank regulators of suspected asset...
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