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...tarnished the reputation of the sector among international investors....
...Raiffeisen Bank is seeking to exchange €400mn worth of profits trapped in Russia against Sberbank’s frozen cash in Europe, in a plan underlining the Austrian lender’s efforts to reduce its exposure to the...
...She worked on deals including Philip Morris International’s acquisition of the smokeless tobacco company Swedish Match, and the £4bn purchase of UK department store Selfridges by Thai conglomerate Central...
...Further cases both in international and domestic courts are in the works....
...As well as damages for the alleged bribes, Mozambique’s claim included more than $1bn over the withdrawal of international financial support, more than $260mn for higher debt costs, and about $100mn in fees...
...Raiffeisen Bank International on Wednesday abandoned a planned sale of risky bank debt after an “adverse market reaction” to a report that the US was putting pressure on the Austrian group over a deal with...
...Austria’s Raiffeisen Bank has served up an equally elaborate scheme that may extricate it from the same country....
...Austria’s Raiffeisen Bank International has concluded a complex asset swap arrangement with Oleg Deripaska that skirts EU sanctions restrictions to hand the Russian oligarch roubles worth €1.5bn....
...Raiffeisen Bank generated almost half of its profits from its Russian operations this year despite attempts by the Austrian lender to cut back its business in the country....
...Raiffeisen Bank increased pay for its Russia-based staff by €200mn in the past six months even as the Austrian lender comes under increasing pressure to leave the country....
...Raiffeisen said it was trying to find ways of selling or spinning off its Russian business while staying compliant with local and international laws and regulations....
...Risky business The US is pressing Austria’s Raiffeisen Bank International, the biggest western bank in Russia, to drop plans to buy a €1.5bn stake from a Russian tycoon, Reuters writes....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...Croda International chief financial officer Louisa Burdett will step down in June 2024 to become CFO of Spirax-Sarco Engineering....
...The European Central Bank, which supervises all systemically important EU lenders, has, meanwhile, demanded a concrete plan from Raiffeisen to wind down its Russian activities....
...Austria’s Raiffeisen Bank International, the western institution with the biggest operations, generated more than half of its earnings this year from business in Russia....
...Though this is a credible outcome for other European banks, not for Raiffeisen....
...It had $193bn in outstanding loans last year, placing it third in Switzerland behind UBS and Raiffeisen Schweiz. It also has a private bank that helps recruit wealth management clients....
...But Lufthansa, Air France-KLM and International Airlines Group have faced persistent questions from analysts and investors over whether the current high-fare environment can last throughout the rest of the...
...Some European banks, such as Barclays and Deutsche Bank, may have lacked ambition on their ROTE targets. Both have proffered vague “above 10 per cent” goals for the coming years....
...Julius Baer has outstanding lending of more than SFr600mn ($690mn) to Signa, and Raiffeisen Bank International more than €750mn, according to people familiar with the details....
...It helps Raiffeisen that many Austrian MPs and ministers have close connections to the bank. Raiffeisen is considered the “house bank” of the ruling Austrian People’s Party....
...In the first official, public analysis of the crisis, it found that Finma lacked teeth compared with international peers and struggled to enforce its will on the country’s banking sector....
...Ever since sanctions were imposed on Russia after the country’s invasion of Ukraine, Russian banks were frozen out of dollar-based international financial markets....
...Austria’s Raiffeisen Bank International has more than €750mn of exposure, according to people familiar with the details, while documents seen by the FT indicate a range of global banks have outstanding loans...
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