The ruble dropped to record lows against the dollar, stirring fears of inflation and bank runs, and the central bank raised a key interest rate sharply.
Tag: Banking and Financial Institutions
Biden Hits Russia With Broad Sanctions for Putin’s War in Ukraine
The penalties will affect Russia’s biggest banks, its weapons industry, its largest energy company and families close to President Vladimir V. Putin. The country’s stock market has plummeted.
Ukraine Crisis: What Happens Next for the Rest of the World?
Europe faces a new refugee crisis, and harsh economic penalties to punish Russia are expected to reverberate worldwide.
Will Biden’s Sanctions Halt a Russian Invasion of Ukraine?
President Vladimir V. Putin has learned from earlier U.S.-led sanctions, and his allies could benefit from a more isolated Russia.
Arab Rulers and Spy Chiefs Stashed Millions in Swiss Bank
A leak of account data from Credit Suisse revealed the holdings of powerful figures across the Middle East, raising new questions about self-dealing.
Arab Rulers and Spy Chiefs Stashed Millions in Swiss Bank
A leak of account data from Credit Suisse revealed the holdings of powerful figures across the Middle East, raising new questions about self-dealing.
Vast Leak Exposes How Credit Suisse Served Strongmen and Spies
Leaked data on more than 18,000 accounts shows that the Swiss bank missed or ignored red flags.
Your Monday Briefing: Fears of Invasion Mount
Airlines suspend flights over Ukraine.
Biden Moves to Split $7 Billion in Frozen Afghan Funds
The president intends to use the Afghan central bank’s assets to fund needs in Afghanistan amid a humanitarian disaster, and compensate victims of the Sept. 11, 2001, attacks.
What a Disconnect From Swift Would Mean for Russia
A Belgian financial messaging service is once again at the center of an international sanctions fight.