Wednesday, June 1, 2011

Banking Week: fugitive bankers and currency crises

Monday. Day of heavy. The Central Bank revoked the license of Sotsgorbank, who was considered the largest bank in Moscow suburbs. The reason - to provide the regulator misreporting. Payments to depositors of the bank may become the largest insured event in recent history - six billion rubles. Ponapropisalis here. In the country house Svetlana Zhurova without her knowledge signed up eight people, found themselves indebted banks. For those who forgot: Svetlana Zhurova - Olympic champion in speed skating and State Duma Deputy Speaker. New York does not believe in tears. Rating agency Standard & Poor's revised its rating outlook on the U.S. "stable" to "negative" - ??because of growing public debt and budget deficit. Investors around the world reacted immediately: they rushed to buy U.S. securities. That is unanimously supported by the largest economy in the world. Axiom - the dollar should be the most reliable currency of the world and no Tuesday. Doubling of the exchange rate. Belarus has officially appeared "informal" exchange rate. National Bank lifted restrictions on banks on the maximum deviation of 10% during the formation of the ruble exchange rate in the interbank sector. Of course, this is not devalued, on which so much was said against the backdrop of a currency crisis in the country, but what is it? - Yet few understand. Analysts are watching the observers analyzed. Lost in Translation. International banks, which the UN Security Council requested the government to freeze the assets of Libya, faced with the problem of linguistic nature. Arabic name Muammar Gaddafi has up to one hundred and spellings in English transliteration: Muamar Gaddafi, Muammar Gathafi, Muammar Gadhafi, Qaddafi, and even Elkaddafi. Therefore, the bank financiers sometimes "miss" his account. And the bank accounts of many al-Gaddafi. Video. President of the Bank of Moscow Andrey Borodin, who lives in London after losing the "war" with VTB, has promised to put in online video with his farewell address to the employees of the credit institution. Environment. "I remember ..." Borodin has posted video on YouTube. Quote: "I remember how to create the Bank of Moscow. It was difficult, but at the same time very fun time. We started six of them in the basement. We had an empty table and paper ... "And although the video turned out not so cheerful as the music video for the song is almost the same name, very sad it is difficult to name. Fugitive banker Say a Word. The head of the Central Bank Sergey Ignatiev made a statement, of course claiming to become the quote of the week. "Bankers who commit crimes and leave the country - is one of the most important problems. Managers and owners of banks often act in bad faith, knowing that does not incur any penalties, they ruin their own banks, because it suits "- he said. Of course, these words in any case do not apply to Andrei Borodin (as many might think) because Borodin failed banks, which was headed. Bankrupt banks will not be in the top five by definition. Probably, the head of the Central Bank had in mind some other banker. How much credit to the people? In the State Duma introduced a bill in the appropriateness of which there is no doubt: the total value of loans, according to developers, should not be a "bank secrecy" to consumers. Ratings and comments of experts you can find in our material, "Bankers will be on the net price." Thursday. Client rights are not always the case. Again, the bill, but not so unequivocal. At this time invited to oblige the banks to reimburse the customer the amount of plastic card transactions if the transaction is committed without his consent. In other words, customers will be able to require banks to cancel their payments. Details - in the article "Holders of bank cards allow irresponsibility." Housing accessible to third. International rating agency Moody's believes that the amount of newly issued mortgages and housing loans in Russia will increase by about 30% annually in 2011 and 2012. This is exactly the case when one wants to forecast the international agency has come true. Friday. Good. In those days the money is better not to think about.

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