Collectors ran into the law
The bill on collection in Russia is subject to change. This initiative was made by the Prosecutor General, who has to process a shaft of complaints from citizens about illegal…

Continue reading →

Qiwi intends to hold SPO
Qiwi PLC payment system intends to place the second part of depositary shares on the exchange. Experts and traders were waiting for this step, so the news on the market…

Continue reading →

Qiwi intends to hold SPO
Qiwi PLC payment system intends to place the second part of depositary shares on the exchange. Experts and traders were waiting for this step, so the news on the market…

Continue reading →

which was not noticed

Inglourious end of litigation with Tinkoff Bank

A high-profile litigation between a simple client of a bank from Voronezh Dmitry Agarkov and Tinkoff Credit Systems (TCS) ended in a ceasefire. Dmitry Agarkov, who talentedly “unwound” the bank to grant a loan with a zero interest rate, unexpectedly announced the termination of litigation, thereby dispelling his reputation as a hero that was hardly formed among the people.

The excessively high interest rates that Russian banks are famous for have generated a latent hostility in society towards a credit institution. The heated irritation of the Russians, who were forced to constantly take loans on unfavorable conditions, erupted sharply thanks to Voronezh Dmitry Agarkov. In 2008, an ordinary Russian citizen drew a finger around the employees of Tinkoff Credit Systems (TKS) Bank, drawing up an agreement on his own terms. In the loan agreement, Agarkov indicated a rate of 0 percent, which was not noticed by bank employees when signing the questionnaire. Continue reading

Three reasons for the outflow of capital abroad
Over the past month, investment funds focused on Russia withdrew about $ 150 million from the country. It is noted that the outflow for the last week of October amounted…

...

Twenty Seven Rules of Finance Today
1. Spend less than you get If there is a key fundamental rule of financial management, then this is it: your expenses should be less than income. You MUST follow…

...

DIA strips customers of troubled banks
The Deposit Insurance Agency has launched a large-scale campaign to seize money from the population. Subpoenas have already been received by clients who withdrew money from their accounts shortly before…

...

Eurozone has found a way out for Cyprus
The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of…

...