Private sector hides money offshore
From 21 to 32 trillion dollars are hiding from taxation in various regions of the world and bank accounts. In total, about 10 million people use offshore accounts to hide…

Continue reading →

Ministry of Finance is preparing a new blow to business
The Russian Ministry of Finance proposes to prescribe in the Tax Code the maximum allowable interest rates on corporate loans. Thus, the ministry expects to simplify tax accounting and avoid…

Continue reading →

Forex Club: optimism leaves the markets
The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in…

Continue reading →

popularity of the financial

Banks are ready to work online

On Tuesday, the Association of Russian Banks presented its updated Internet portal, which significantly expanded the capabilities of customers in the field of interaction with domestic credit organizations. Now users, in particular, will be able to seek help from the financial ombudsman online and receive extracts from their credit histories.

According to the concept voiced by ARB representatives at the last press conference, the association is important not so much economic as the social orientation of banks. Therefore, the ARB has taken a number of actions aimed at ensuring that citizens can more efficiently build their work with credit organizations. So, for example, the financial ombudsman has his own online office.

This institution arose in the Russian Federation under the auspices of the ARB on October 1, 2010. The financial ombudsman is the sole body for out-of-court settlement of disputes arising between banks and their customers. 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…

...

Dummy for a million, or strange lots
“To sell something unnecessary, you need to buy something unnecessary,” the hero of the legendary Soviet cartoon used to say. Auctions on the Internet have become an excellent platform for…

...

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…

...

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…

...