Tag: bank

• Monday, February 18th 2019 - 10:08 UTC

  Russian bank freezes Venezuela's oil company accounts, fearing US sanctions

  

  Russian lender Gazprombank has frozen the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under US sanctions, according to Reuters.

• Friday, December 21st 2018 - 12:03 UTC

  Santander fined £32.8m in UK for failing to process accounts of dead customers

  

  The Santander group has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) said. The FCA found that Santander failed to transfer funds worth more than £183m to beneficiaries.

• Tuesday, May 3rd 2011 - 04:59 UTC

  New German central bank chief promises continued “stability culture”

  

  Germany’s Bundesbank new hawkish president Jens Weidmann said private investors should help cover costs of the Euro zone crisis. Mr Weidmann promised a continued “stability culture” at the German central bank after taking over from outgoing president Axel Weber.