trending Market Intelligence /marketintelligence/en/news-insights/trending/6uu_6sa63iLEDAD1ddObUg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Russia's DIA moves to recover loses from Vneshprombank's former owners

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: Russia's DIA moves to recover loses from Vneshprombank's former owners

The Russian Deposit Insurance Agency launched court proceedings to retrieve 219 billion Russian rubles from the former managers and shareholders of delicensed Foreign Economic Industrial Bank Ltd., also known as Vneshprombank, Vedomosti reported Dec. 18.

The proceedings were launched against 18 former managers and owners of the bank, including the former president and co-owner, Larisa Markus, and Vice President Ekaterina Glushakova. The DIA claims that between March 2014 and 2016 the defendants withdrew money from the bank by approving dubious loans, illegally wrote off funds from customer accounts and did not take sufficient measures to prevent the bankruptcy of the lender.

Vneshprombank lost its license in January 2016, with the hole in its balance sheet amounting to 216 billion rubles. Following the revocation of the lender's license, Markus, her brother Georgy Bedzhamov and Glushakova were accused of embezzling 113.5 billion rubles from the bank. Markus and Glushakova later received 8.5-year and four-year sentences, respectively, while Bedzhamov was arrested in absentia and put on the international wanted list, according to the report.

As of Dec. 20, US$1 was equivalent to 68.40 Russian rubles.