Russia

Russia’s Sberbank To Acquire Part Of Mail.ru Internet Firm
Russia’s Sberbank To Acquire Part Of Mail.ru Internet Firm
October 29, 2019  |  Digital Banking

Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in Mail.ru, a Russian...

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Yandex.Taxi Making Moves Toward An IPO
Yandex.Taxi Making Moves Toward An IPO
October 29, 2019  |  IPO

A source has revealed that Yandex’s ride-hailing unit is in discussions about hiring Morgan Stanley and Goldman Sachs to manage its initial public offering (IPO)....

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Russian Central Bank Says ‘Nyet’ To Digital Crypto
Russian Central Bank Says ‘Nyet’ To Digital Crypto
October 10, 2019  |  International

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to...

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Alipay Launches eComm JV With Russian Internet Company Mail.Ru
Alipay Launches eComm JV With Russian Internet Company Mail.Ru
October 09, 2019  |  International

Russian Mail.Ru is forming a joint venture with Alibaba’s mobile payments division Alipay, Reuters reported on Wednesday (Oct. 9). The partnership also includes the Russian...

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Russian Hacker To Plead Guilty In JPMorgan Case
Russian Hacker To Plead Guilty In JPMorgan Case
September 16, 2019  |  Legal

A Russian hacker who perpetrated the financial data theft of over 80 million JPMorgan Chase & Co. clients will plead guilty to the crime later...

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US Congress Discovers Alleged Flaws In Deutsche Bank Controls
US Congress Discovers Alleged Flaws In Deutsche Bank Controls
September 08, 2019  |  Regulation

U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that Deutsche Bank handed...

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Overstock CEO Resigns After Disclosing Romance With Russian Agent
Overstock CEO Resigns After Disclosing Romance With Russian Agent
August 22, 2019  |  Personnel

Patrick Byrne, CEO and founder of Overstock.com, has resigned following information that his romance with a Russian agent affected the company’s profit center, Politico reported...

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SEC Fines Russian Rating Firm $269K For Failing To Disclose Review Payments
SEC Fines Russian Rating Firm $269K For Failing To Disclose Review Payments
August 22, 2019  |  B2B Payments

The Securities and Exchange Commission (SEC) settled with Russia-based ICO Rating for $268,998 to satisfy charges over undisclosed payments received for publicizing companies’ digital asset...

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Russia Delivery Service Dostavista Raises $15M
Russia Delivery Service Dostavista Raises $15M
August 13, 2019  |  Investments

The same-day delivery service Dostavista, which was founded in Russia, has raised $15 million in a Series B funding round led by Vostok New Ventures,...

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