One wallet is good, but many are crowdfunding!
What unites the Eiffel Tower, modern Internet startups, the election campaign of Barack Obama and the feature film "Iron Sky" The energetic civilization of the Sun? The idea of ​​crowdfunding,…

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Megafon has collected suitcases on the stock exchange
Megafon has collected suitcases on the stock exchange MegaFon, one of the largest mobile operators in Russia, is getting ready for an IPO on November 1. The company plans to…

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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…

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emigrate from Russia

A trifle is an expensive pleasure

The proverb “small spool, yes expensive” is beginning to take on more and more meaning. The production of small money is starting to cost the world so dearly that economically weak countries have long abandoned it, and the stronger ones are looking for options that would reduce the cost of small things at least to the level of their nominal value, but these efforts lead to funny results.

As soon as mankind invented money, how did he immediately encounter the need to somehow break it into smaller parts, because you won’t start giving the same money for a cow and chicken? However, it quickly became clear that it was not so easy to divide the main (usually gold or silver) coin into shares. As a result, the ancient Greeks, for example, had to use coins of about two dozen denominations. After a series of reforms and troubles, the Roman Caesars managed to reduce the variety of coins to five denominations from the largest – aureus to the smallest – ace (400 aces were considered in one aureus). Inattention to a small coin, as a rule, cost dear rulers: before the modern monetary system developed, more than one state was shocked by outbreaks of social discontent caused by this reason. Continue reading

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

LIBOR: time to change bets
The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a…

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It's time to hold the horses on the lending market
The Ministry of Finance and the Central Bank of the Russian Federation consider it necessary to contain the rapid growth of consumer lending. The financial department, according to Deputy Minister…

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Banks slip on their own cards
From January 1, the Federal Law "On the National Payment System" will enter into force. The document has claims from the banking community. The project involves obliging banks to return…

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Trust relationships, their goals and key benefits. Why trust is the best solution for KIK
Entrepreneurs conducting activities not only in the national but also in the global business field have been forced in the past few years to adapt to the requirements of the…

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