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.
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.
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.